Axis bank ASBA services are very poor my two applications are showing processing and after ipo closing both has been rejected. Although i have placing order first day his representative giving fraud information .
Its been showing "processing" ever since i have applied for the IPO... no change in the status which is causing this confusion .. I''ve got another account with yes bank, should is start using that instead of axis..?
Please complain to SEBI. You can get some compensation amount from AXIS Bank. Its their''s fault so they have to pay compensation. I got from one of the banks during Shankara IPO.
Thanks rohan, I have already put a complaint against the AXIS Bank... Just called up the phon banking officer only to know that they have no authority over it and i got to visit the branch where my account is for any further clarifications. This is serious negligence on their part and totally unacceptable.. Generally, How much compensations is offered for this negligence on bank part...??
Its very less amount. But the point is that the complain gets notified officially and so they have to act accordingly.
I applied for 1 lot for Shankara, and they provided close to 1000/- as compensation. In my case, the amount was blocked but due to some issue at bank web application, it was not forwarded to IPO registrar. When I checked the IPO registrar for allotment status, it mentioned no application against my PAN card. So I raised a complaint against bank in SEBI,
Can you ask the reason for rejection to representative? Even I use axis bank and have never faced such issues.. I too applied on the first day and current status is blocked
No amount not blocked applications are showing processing , Axis bank representative told me that after closing ipo your amount will blocked and status will show success full but thay are telling false ,after closing bid hasbeen canceld . Very poor and 420 se by Axis bank.
Mr. Mohan, why dont u also raise a complaint against Axis bank.. I have done so .. Lets makes them accountable . its pretty easy to raise a complaint in SEBI website
Im new. How to trade in sme stocks? Example I cant find ANI or any sme stock in my icici direct trading page. Any guidance will be helpful. I tried google search but kuch nahi mila. Thanks.
182.1. CLD| Link| Bookmark|
December 2, 2017 2:03:06 PM
Top Contributor (500+ Posts, 100+ Likes)
If you have NOW trading platform then you can do it online. You have to select SM category instead of EQ. For other platforms like that of ICICI, You have to request broker to sell it. Brokers have multiple platforms or can sell it through other ways also.
One question guys..if i sell my application in sub to sauda then how the shares get transferred from my account to the person whom i have sold the application?
179. RJ Rocks| Link| Bookmark|
December 2, 2017 11:27:47 AM
Top Contributor (400+ Posts, 200+ Likes)
After listing till how many days sme IPO will trade in lot? Any experts please reply. Thanks in advance.
179.1. CLD| Link| Bookmark|
December 2, 2017 11:51:11 AM
Top Contributor (500+ Posts, 100+ Likes)
It remains in initial trading lot for years unless the exchange changes it. Normally if the share value changes substantially, the exchange changes lot to half quantity of the normal quantity.
Ice Make Refrigeration is a Gujarat based manufacturer of refrigeration equipments like cold room, commercial freezer, chiller, refrigerated vehicle and ice cream hardener. Its customers include dairy, ice-cream, food processing, agriculture, pharmaceuticals, cold chains, logistics, hospital, hospitality and retail. cold room account for 60% of sales.
Company has increased capacity of cold rooms from 100,000 sq. mts to 500,000 in 2015-16 and current production is at 175,000 sq. mts. Company expects to boost production to 350,000 in FY 18-19 and further to 400,000 by FY 2020.
Company is also planning to backward integrate into manufacturing of condenser and evaporator coils which are essential components of a refrigeration equipment and currently being imported. Backward integration will be funded with proceeds from IPO. Additionally, company is planning to upgrade its current manufacturing facilities to boost productivity and quality. Company has recently acquired a similar company in Chennai and it plans to upgrade manufacturing facilities of this company using IPO proceeds.
After building new capacities in 2015-16, sales and profits have skyrocketed and expected to continue for at least another 2-3 years. Chennai acquisition will give further boost.