When Banks employees and Managers sell themselves to corrupts like VijayMallya and NiravModi for loans and SWIFT passwords then Registrars can SELL allotment for corrupt premiums to certain people , we should expect to get allotment with 1:1000 ratio....
I think those who have applied in Retail and Shareholders category with one pan .Their both applications might have got rejected. that is why the allotment ratio in Retail category is low.
HDFC AMC shares will get listed on both BSE and NSE. The allotment date is likely to be 3 August. The IPO garnered a strong demand from investors and the issue was subscribed 83 times.
1107. Virat singh| Link| Bookmark|
August 2, 2018 12:16:32 PM
Top Contributor (300+ Posts, 200+ Likes)
Mujhe linkintime se Sabse jyada time allotment Mili hain I don't know whether Karvy is doing any manipulation but Karvy se mujhe allotment bahut kaam milti hain mujhe bhi lagta hain ki thy r doing manipulation Sab mile hue hain ye Kalyug hain yahan paisa hi Bhagwan hain
Karvy does a lot of manipulation in allotment. my own experience is that even with a bit of over subscription one does not get allotment. It seems they are maintaining a list of priority PANs. others get allotment once this list is exhausted. In my opinion, in case of all IPOs, lottery should be done by a SEBI appointed agency, the registrar can keep doing all other associated works.
Neeraj, If Karvy i really doing it, then there is an easy way to identify it. SEBI can do the following because it has the power and resources, 1) First it should get the list of all the IPOs to which Karvy was the Registrar for the past 5 years 2) Get the list of PANs to which the Allotment was done where the issues oversubscribed. 3) Get the list of common PANs among all the allotments.
By looking at this data we will get an idea if Karvy is really involved in such activity or not. I hope and wish that's not the case.
If such things are in reality going on or having doubt about it then the investor can go to the sebi and make complaint about this at https://scores.gov.in/scores/Welcome.html
1099.5. SJ| Link| Bookmark|
August 2, 2018 11:32:40 AM
IPO Guru (1300+ Posts, 3200+ Likes)
SCORES site in not working.There is a problem while uploading complain. Earlier SEBI put ban on karvy and restrict it to act as registrar.SEBI should again check allotment process transparancy.In weak IPOs always full allotment by karvy.
I have tried it twice. SEBI does not do any thing. I gave them the format in which they should take report from Karvy, but they did nothing. I think, there is a need to have an independent lottery house for allotment. After my complaint, I am not getting allotment from Karvy (in oversubscribed IPOs). it seems they have black listed PANs for which I applied application using single IP address. lets see what happen to my seven unique PAN applications this time.
@Neeraj abcd_ Totally agree with you, wait for another 01 or 02 year, Karvy scam will come into public, There are lot of financial scams how come these allotment agencies are into safe zone.
Even if SEBI appointed agency has to do the draw such manipulations will continue. After all those gentlemen will be human beings and that too Indian human beings.
@ Bullish On India, Aadhar is not going to help. they can still maintain a favorite list of Aadhar like they seems to be doing with PAN. The only solution to have a separate lottery entity, under SEBI. All the applications can come to it and returned back after draw of lots. and this all can be done electronically without any loss of time.
Can we get information of all pan card nos which got allotment through kavy IPO under right of information act? If we will get this info, it's very easy to find out all unfair deals....
I got allotment from karvy when Ipo heavily subscribe like Amber Dixon Godrej agro and many more But sometimes in low subscribed Ipo I denied allotment Brnl Newgen soft So nothing much for me to talking