IRCON International Limited IPO Message Board (Page 21)

Pratik
Qib & hni both start investing on last day after 1:30 pm mostly
It will over subscribe in all category
Except employ quota

So is this means, finalizing of allotment on very next day of issue closing and 2nd day credit to demat account/refund and 3rd day listing?

@SJ
That's really good news
We may see a single day process in future
(Like instant lottery)

Yes , Let's see from which IPO this new rule is going to be executed.Dinesh Eng. would be interesting if its schedule is not finalised or any other new IPO.It would be like OFS BTST type.Very Fast.
Watch CNBC or ZEE BIZ

This will also help to avoid cheating also not 100% but certainly.

Current situation
3 days for bank processing
And 2 days for brokers physical application process by bank
Now take example of Hdfc AMC
Banks were processing physical application for fifth day of closing to block amounts
Now if t+3 implement
There should be only online banking
Permitted otherwise they can't handle big IPOs (imo)

Below are correct numbers, on this forum site numbers are incomplete. app wise it is already more than 2 times in RII

Qualified Institutional Buyers(QIBs)*             0.01X
Non Institutional Investors             0.19X
Retail Individual Investors(RIIs)             2.96X
Employee Reservation             0.11X
Total                    1.02X

*Excluding Anchor

Total No.of Application Approx : ~ 246176
Retail Subscription on the basis of Apps : 2.24 x

Are bhai kya tough, it's only 1.5x in retail, also employee quota won't be fully subscribed, those shares should be alloted to retail. So it's simple, sabko milega.

@ techuser
"Lele full allotment. Sabko milega".

See the subscription nos. now. Tomorrow is still remaining.

When any respected and senior person posts anything then you need to see the facts and then reply. They are not fool and posting anything which comes to their mind. They have rich experience and ability to do analysis.