I am estimating 11 to 12 Lacs retail participants in FCH considering total subscription in retail for 106397672 shares. Average application for 96 shares per person would be 11 lacs approx.
Go for stop payment, we will not get any allocation. Unnecessarily money will be blocked for one month. In Edelweiss the number of shares for retail was more than Future Group and it was oversubscribed ~16 times. Those who had applied for full quota got only one lot. Future is much smaller. Make stop payment!!
investers applied through icici direct on 16.01.09 after 10:15am their money has been eaten by either icici or by intimespectrum the status is still showing under process and if u confirm out with intimespectrum by telling him ur application number on phone they r saying invaid application and if u confirm it out by icici phone banking executive they r saying thad we had forwarded the applicatinon and amount to intimespectrum. in between who is fooled the investors.
FCH subscribed 27 times in retail. oficially out in CNBCTV18. what are the chances of the allocation for a lakhs' application. can anyone pls calculate & tell
it seems that QIB havent subscribed so much on last day.. as only retail n HNI showing jump in subcriptions.. so b carefull.. if in final categorywise demand, QIB demand is lower then 50-60 times den it wud b wiser to make stop payment.
But i think that they will not allot me because it subscribed 27 times so how it is possible and i bidded only 1 application means only 8 share application. So possibility is much rare. and can anybody tell me how they allot the share?