Fonebox Retail Limited IPO Message Board (Page 2)

​@Modi Adani You are correct.

IMO,
At least in case of SME IPO, list of allottees should be uploaded in Ragistrar website.
So that everyone can check whether any particular PAN holder is getting allotment every time, because it is not possible to be luckiest each and every time.
Even I deserve to be lucky at least once in two months, to get allotment in SME IPO.

As usual, no allotment in SME.
Trying almost since 2 years, not even single allotment in SME raise eyebrows against allotment process.
Im happy that jsk and few other member in this forum getting allotment twice or thrice in line. But it also mean process is somewhere biased and richer gets more richer by getting multiple allotment and poor gets poor with no allotment.

I think allotment in the HNI category in SME IPO's must be on a lottery basis instead of proportionate basis, similar to the mainline IPO's.

This would make allotment difficult for those with larger capital (1-2 Cr+). I know a few people getting allotment in every other IPO with high GMP and sell their lots in preopen for listing gain. Rich get richer.

I had also written to SEBI. Request everyone to write to SEBI and end this menace. Genuine investors like us never get good IPOs at decent P/E for long term investment.

IPO allotment seems a big scam. No one knows how the lottery selection works. SEBI will never question the registrars. The mouths will be shut by the money lock. The market is full of fraudulent, manipulation, inflated etc etc... Applying SME is totally waste. Rich gets richer... That's it. We never going to get allotment.

​@Modi Adani Scam will come out if all the registrars are asked to release the pan details of allottees. But that is never going to happen.

​@Modi Adani @GMxtraP
Brother SME IPO allotment is not scam, issue is that few people are even applying 20crore Ruppee worth single aplication and getting 2-3 lots, you can check this in BOA, people who are getting allotment are the one who have own 20-40cr portfolio in secondary market and they keep 4-5 cr for crash and use it for IPO.... Publishing PAN of all allotee is not possible as it will infringe privavcy, and if someone is getting allotment everytime due to large application thats fair with current rules. People like me who apply 4-5 lots hni application just play block/unblock game.
Rest i totally agree with you, like mainbaord max hni limit should be 10lakh and post that lottery, lets write to SEBI.

Till then its better to ride secondary market ride, i dnt want to name any stock here but modiji aayenge to adani will reclaim glory, itna indirect hint kaafi h...

Rest i am also writing to sebi for lottery in sme just like you guys👍

JSK Ji's getting law sikho, australian solar, Delaplex in 20-30 retail applications sounds fishy to me, but even if sebi publish PAN, allotment might be on different PANs

Listing PAN is not a feasible thing. However listing a hash of PAN like MD5 will be a feasible option. This will be as good as PAN to determine if same pan is getting allotment frequently. It is up to SEBi to make the process transparent and tweak proof

​@Sandapaul You are right, we should have done setting for KayCee, Konstelec Engineers, Shree Marutinandan, Balaji Valves, AIK Pipes, Trident, Fonebox, Maxposure, n number of such SMEs where we got 0 :)

​@JSK✨ Merchant banker and registrar same hote sabme to wo bhi mil jaate aapko 🤣🤣🤣🤣

​@JSK✨ bhai, humari bhi setting karwa do please 🤣

Sure, i'm trying my best to do setting for all CG friends to get the allotment in not just SME but mainline too!

even after applying more than 120+ SME ipos in the last 3 years from 1-2 accounts .. didn't get anything.... nobody can be that unlucky.( same accounts got 1 or 2 allotments in mainboard)

Same here, tried with all possible combinations.

Which bank ?

There are chances that bank failed to submit your application to exchange (BSE/NSE), in such case you can raise a complaint with bank over mail and can get some refund based on allotment probability and listing gain. 🙏

​@Basuvr Mine is SBI. Let's see, need to check with the registrar as well.

Did you apply from RBL bank?

​@Basuvr HDFC Bank account using Google Pay UPI.

​@Basuvr If you don't mind could you please let me know the process of getting some compensation from bank based on allotment chances and listing gains.

​@Arnold Reegan Has your account been debited or funds are unblocked?

​@MuStrFc Still blocked

​@Arnold Reegan  If you apply from Bank and the application is not visible at registar's site then you can raise complaint with bank over mail stating all details. If bank has failed to forward your application to exchange then they are bound to give you compensation.

​@Basuvr I have emailed SBI at this email : nib.11777@sbi.co.in. I have also sent details to the registrar as well as my depository participant. Awaiting their response.

Do you know any place other than this i should raise my request?

​@MuStrFc This should be sufficient but have patience, SBI will not respond keep following. Some time it takes months to get compensation.
🙏

​@Basuvr Appreciate your advise.

Hoping for future allotments to you !!

Thanks @MuStrFc  🙏

​@Basuvr I have received the refund. I've checked with registrar regarding non allotment. They replied that mandate approval pending with investor. I believe my bank did not forward my request. Could you please let me know how to contact HDFC Bank to get the compensation.