I have applied through Union Bank ASBA @ 912 cut off price for 224 shares n accordingly lien was created but today amount got unlien and no allotment to me. Application serial no was also created. I think union bank has not submitted my application. So I will call SEBI helpline no tomorrow.
Full application is of 208 shares only i.e, 912*16=14592*13=189696. N u hv applied for 224 shares i.e, 912*16=14592*14=204288 which exceeds the retail amount limit. Correct me anybody if I m wrong
There was a discount of Rs.45/- for RII. So the full application shall be Rs.867/-*16*14=Rs.194208/-. In case the application amount exceeds the Rs.200000/- limit it should be considered under NII. If the bank have not processed the application it wouldn''t appear in the RTA website to get ensured. So, check the RTA website IPO Allotment Status - Corporate Registry Services - Karvy https://corpreg.karvy.com › ipostatus
[17:37, 10/23/2017] Dr: DEAR INVESTOR,SUCCESSFUL ALLOTMENT OF 224 SHARE AT RS.867.00 TO APPLICATION NO.17455xxxx FOR GENERAL INSURANCE CORPORATION OF INDIA LTD( GICRE ).
Those who missed the bus by not applying or due to technical rejection, should bid at 867(retail price), in pre opening Session tomorrow. Some times, due to fluke you may get also.
1097. IPO LEADER| Link| Bookmark|
October 24, 2017 11:55:08 AM
IPO Mentor (800+ Posts, 400+ Likes)
Mah log 110-113 Mah app - 450 Nippon kostak 750 Gic 25.5buyer 24.5 seller Nippon 69-70
Name: General Insurance Corporation of India (IPO) Scrip Code: 540755 Symbol: GICRE ISIN: INE481Y01014
1095. Venkatram| Link| Bookmark|
October 24, 2017 1:01:02 PM
Top Contributor (300+ Posts, 100+ Likes)
Shares have started crediting to Demat accounts yesterday. Check the complete holding statement of your Demat account.
1094. papon| Link| Bookmark|
October 24, 2017 11:20:47 AM
IPO Mentor (500+ Posts, 500+ Likes)
@ sabby, exactly same should have been allotted to me but it was not allotted. This time some application of SBI ASBA of my friend got failed . They may be facing some techinal problem & if so than they should compensate. I will try to know the reason for non allotment
From many messages it seems like those who applied for this IPO via Union Bank of India (ASBA) did not get allotment. All should collectively take it up with SEBI and finance ministry and I am sure there will be strict action against Bank for not promoting and goofing up a GoI sponsored investment scheme.
One thing we all are ignoring is that the employee quota is almost full which is rare in case of PSU. It may not yield very high listing return but is a very well managed PSU. So is a long term bet.
1087. papon| Link| Bookmark|
October 24, 2017 10:58:38 AM
IPO Mentor (500+ Posts, 500+ Likes)
After discount amount comes to below 2 lacs, I got full allotment on ntpc ofs recently. When I looked for allotment a message comes out PAN NOT FOUND, at least it should show the reason for rejection along with quantity applied. That means my application was not updated in exchange.
1086. Eagleye| Link| Bookmark|
October 24, 2017 10:21:57 AM
IPO Guru (6600+ Posts, 22000+ Likes)
General Insurance Corporation IPO opens: Here are 10 things you should know