hey guyz i hv got shocking information from my broker who buy application from grey market... he says that whenever u sell ur application to us v sell them forward giving ur application number... and they have link in the registrar office.. and allotment done in selective manner..
now i tell u wht hapnd in my case.. in sharda cropcam ipo i applied for 5 lot and get three allotment which was subscribed nearly 5.8 times in retail and i sold all my application in grey market...
but in case of inox ipo i applied for 8 application.. and got only 1.. bcoz i didnt sell my single application dis tym in grey market.. same happened to one of my one colleague.. he applied for 15 application and get only 1... becoz he didnt sell them..
but many friend are there who applied for 10 and get 7 or 8.. ore who applied for single and sell them in fear may be he will get or not.. but they all got the allotment..
whts are ur case plzz discus and comment on it... i highly appreciate you.. and if same is the case plzz find a way.. and i m thinking of complaining in sebi and filing a RTI to registrar on wht basis allotment done and whose application were choosen
MR. MUDIT JI HAME TO PAHALEJ HAMARA RUKHADIYA THAA JABHI PINKI JAIN SAB MANDIME THHE LOGONKO DARA RAHE THHE AHI KAHAGAYE GUMNE 18. IPO GRUP Mar 23, 2015 1:37:41 AM IST | Reply | IPO GRUP''''s messages Inox Wind Limited IPO INOX LISTING @421 TO 429 RENGE <<<<<<<
MR. MUDIT JI HAME TO PAHALEJ HAMARA RUKHADIYA THA JABHI PINKI JAIN SAB MANDIME THE LOGOKO DRA RAHE THE AHI KAHGAYE GMNE 18. IPO GRUP Mar 23, 2015 1:37:41 AM IST | Reply | IPO GRUP''s messages Inox Wind Limited IPO INOX LISTING @421 TO 429 RENGE
Kuch ghotaala nahi hai bhai! Only approx 2.5 lakhs applicants could have got allotment & rest 1.5 lakhs will get nothing whether applied one lot or multiple lots due to the lottery system & minimum one lot allotment rule. I too went for 14lots seeing low subscription but that went high on third day afternoon.
Two times subscription but only all would get allotted, where most people applied for are more than 2 lots but here most people applied for single lot as the moment subscription goes above 1.4-1.5 times you are likely to get allotment through lottery considering some high applications and rejections etc. It doesn''t make sense to apply for IPO more than one lot for two reason, good IPO''s get easily oversubscribed & IPO''s where subscription is too low is often not worth subscribing. Only in case of PSU one should go for max lot as the number of shares are too much.