670.4. Paymzia| Link| Bookmark|
November 25, 2023 3:02:42 PM
IPO Guru (2700+ Posts, 4700+ Likes)
Sethi
Can you explain clearly how they are going to provide the funds , we must have securities account with them or any FD with the bank or anything ,
For 8 L is only 2000 rupees or per 1L 2000 rupees .It is very helpful to get loan for ipos if 2000 rupees for 8L is a good deal. We must handover our demat account for them or we can handle ?
Anyone facing problem with Indusind bank? From last 6 months I am applying ipo from indusind bank sweep FD and they never broke my fd while applying ipo but yesterday when I applied Tata Tech ipo my fd is broken.
Applied 4. One allotted (upi application from sbi) One revoked (upi application from icici) Awaiting for the status of other two applications (ASBA Applications from city union bank)
Linkintime should display allotment list immediately in their website. Why they need more time to display it in their website? What benifit they get in delayed official announcement in their website? Ideally their website should display allotment before debit/revoke messages. It should be applicable to all RTA's. My humble submission is that, if they can allow their system to process UPI at 3 am they can also display allotment list in their website at 3 am.
661.1. Pandit Ji| Link| Bookmark|
November 25, 2023 1:21:03 PM
Top Contributor (400+ Posts, 200+ Likes)
Absolutely agree with you, these delayed tactics brings suspicion too in the mind of investors, if they can process lakhs of application in 24 hours, cant they put that on the system in few hours?
Making info public would require manpower to make necessary changes in their back-end, front-end. While UPI process is automated. They are not comparable.
661.3. PLAZA| Link| Bookmark|
November 25, 2023 1:48:04 PM
IPO Guru (2400+ Posts, 1300+ Likes)
IMO They ( Registrar ) might confused that there sight may crashed due to heavy rush so they are informing to retail first like upi etc to reduce heavy traffic... but when they are earning so hugely...must update themselves like zerodha etc...
If not displaying on their website they can send allotment/unblock message as they used to do earlier. SMS sending should be an automated process I'm guessing.
661.5. ADP| Link| Bookmark|
November 25, 2023 1:59:56 PM
Top Contributor (500+ Posts, 100+ Likes)
I dont think there should be any manual work involved in full allotment process. Even no manpower is require to be in office to execute the process . It can be execute through any device. If the allotment task is fully automated then we should get status of allotment by now. The account unblock and debit may happen on Tuesday.
661.7. sashah| Link| Bookmark|
November 25, 2023 3:04:25 PM
Top Contributor (400+ Posts, 100+ Likes)
Once Registrar finalised they have to submit to NSE and BSE for approval before the process of Debit and Credit hence fraud can’t happen for the delay.. they can do before sending names to Stock exchange
658.3. Smile✍️| Link| Bookmark|
November 25, 2023 2:54:53 PM
IPO Guru (1800+ Posts, 1100+ Likes)
Bank debits are completed, expecting declaration of ALLOTMENT within hour. Nice job by LINKINTIME. Prior we criticised them badly now have to appreciate.