When I am checking Allotment status, it shows PAN not found. Anyone else facing same problem? Checked on NSE site, application is submitted successfully.
only ipo that got allotment for me from karvy alias kfintech is HAL which subscribed 0.99 times. kfintech name only changed .... everything is same to same.
In my last 4 years of exp in the IPO market. If the num of IPO going to be listed around 50 in a year then the maximum allotment you will get from a single Demat account ( 1 Lot application) is 5-6.
So make multiple Demat accounts to increase chances. In the case of HMT even with 30 Demat account, u can't get 1 as it was subscribed 70 times with 10% retail category.
But in the case of route mobile where it was subscribed 12 times with 35% retail category, you might get 5 lots with 30 Demat accounts. Don't expect to get allotment in every IPO. Expect by year-end you must have at least 5-6 allotment from one account.
To all the members hoping for allotment, if you are not in Karvy's excel sheet of their insiders, you will not get any allotment. So try your best to get your PAN into that excel sheet.
I personally know a person who always gets allotment for him and his family members in every IPO where Karvy is a registrar. He has a "preferred" relationship with Karvy.
Nothing can be done to Karvy. Even sebi was not able do anything to them. They are ver very powerful people in India. Sebi banned karvy, they changed their name to kfintech... It's so simple for them to escape sebi ban by just changing name....
Ideally persons responsible for scam should have been put behind bars and not allowed to do IPO business again. Changing name and doing business with different name is counting people in fools.