As per SEBI rules under Chapter XI : Allotment shall be made not later than 15 days from the closure of the issue failing which interest at the rate of 15% shall be paid to the investors.
536. Modi Adani| Link| Bookmark|
November 18, 2022 11:21:27 AM
Top Contributor (600+ Posts, 200+ Likes)
You can register your complaints using the online platform 'SEBI Complaints Redress System or SCORES'.
How to lodge complaint through SCORES?
1) It is mandatory to register on SCORES for lodging a complaint. Become a registered SCORES user by clicking on ‘Register here’ under ‘Investor Corner’ appearing on the homepage.
2) Investors are required to fill in Registration form which has fields like Name, Address, E-mail Address, PAN and Mobile Number which are mandatory.
3) Username and password will be sent to the investor’s registered email id.
4) Click on ‘Complaint Registration’ under ‘Investor Corner after logging in.
5) Provide complaint details including complaint category, entity name, and nature of complaint. File complaint details in less than 1000 characters. A PDF document up to 2MB size for each can also be attached along with the complaint as supporting document.
6) After submission, a system generated unique registration number will be displayed on the screen. Note it for future correspondence. An email acknowledging the complaint with complaint registration number will also be sent to the email id.
Gmp 213 Listing around 800 possible if market holds 18K... Good Luck!
526. lucky boy| Link| Bookmark|
November 18, 2022 11:02:07 AM
IPO Mentor (1300+ Posts, 400+ Likes)
retail rato jab 3.5 ho and log jab 7-8 aplication dalke bhi naa lage toah kya fayda 3.5x ka.............
526.1. ℙ𝕣𝕠𝕗𝕖𝕤𝕤𝕠𝕣| Link| Bookmark|
November 18, 2022 11:08:51 AM
Top Contributor (600+ Posts, 200+ Likes)
True
525. SSingh| Link| Bookmark|
November 18, 2022 7:15:34 AM
IPO Guru (1400+ Posts, 800+ Likes)
It seems like LinkinTime works with Grey Brokers! Grey guys who buy applications at cheaper rates must be passing some profits to the registrar. If any investigation happens, things will be crystal clear. Some people never get allotment if IPO is more than 100% subscribed seems to be a solid reason to validate the doubt. What are your thoughts on this?
525.1. CB🤗| Link| Bookmark|
November 18, 2022 7:42:42 AM
IPO Mentor (1400+ Posts, 400+ Likes)
I am sure they do manipulation in the process by taking money. That is also the cause they get most number of IPO handling. Process/software lacks transparency. Searching for technical guideline by SEBI in this regard.
i agree, something should be done to validate. Link intime has not published basis of allotment also yet for archean. in every ipo, allocation is happening late night or day after is intensifying the suspicion.
525.5. Imhilli| Link| Bookmark|
November 18, 2022 8:45:38 AM
IPO Guru (1200+ Posts, 700+ Likes)
There is so much play of money... some goof up cannot be ruled out
525.6. JAI MATA DI| Link| Bookmark|
November 18, 2022 8:52:39 AM
IPO Mentor (800+ Posts, 600+ Likes)
I also agree with you . In Archean chem. I apply 8 app. In shni. Got babaji ka thullu. But my friend apply only one and sold in grey at Fix rate. And got Allotted. How it's possible that 1:10 Ratio you don't get but mxm sold application in grey got Allotted. It's natural or no I don't blamed on any registrar but it's happening when mxm application sold in grey market got allotment. Some smelling in allotment process cannot ruled out.
I can't share further details, but this is true as per my knowledge
Grey brokers take pan card no from those who sold to grey brokers and further I can't tell
I have complained SEBI many times and many people's have complained to SEBI but SEBI is not taking action against linkintime
This is more than a decade no allotment to me in many pan cards when Registrar is linkintime while
I usually get allotment in others registrar be it sme or mainboard IPO
525.9. PeterEngland| Link| Bookmark|
November 18, 2022 9:13:04 AM
Top Contributor (300+ Posts, 100+ Likes)
@JAI MATA DI, their lottery algorithm is 100% faulty or manipulated, even when allotment ratio is 1/3, the person applying 10 applications should atleast get one but getting 0. Mathematically the difference between overall allotment ratio and applicant's allotment ratio should be minimum unless results are manipulated.
@Shahukaar, SEBI will wake up after few years ( when IPO party might be over :D ),
That's how all govt. institutions work, they preach honesty and corruption free blah blah but smartly design system to benefit certain people, that's why SEBI rely on these third party shady registrars so that the dirt is on them and they can be disposed when their use is over.
मुजे Link intime से कोई प्रोब्लेम नहीं हुआ और मेने कभी ग्रे मार्केट मे नहीं बेची,पहेले जब KARVY था तब भी लोग यहा एसे ही लिखते थे,
Archean Chemical 1/3 Global Health 1/1 Bikaji Foods 1/2 DCX Systems 1/3 Syrma SGS 1/3 Aether Industries 1/3 Paradeep Phosphates 1/1 Ruchi Soya Industries 1/1 Adani Wilmar 1/3 ये सब रीटेईल क्वोटा मे हे
i think one solution can be is to prepare robust database of our past applications. analyze it against basis of allotment of each of the issue. if beyond doubt its getting validated that there is some scam, we can jointly approach sebi with database. can take legal advise also if required at later stage.
seniors applying with multiple applications from long time can contribute.
यही तो देखना है ना की कुछ लोगो को हर बार एलॉटमेंट मिलती है और कुछ लोगो को कभी नहीं| ये कैसी लाटरी है आखिर?
525.17. SSingh| Link| Bookmark|
November 18, 2022 10:06:06 AM
IPO Guru (1400+ Posts, 800+ Likes)
I've been into IT for over a decade now. A strong possibility at Registrar's end is that: Allotment software has an "Exceptions list" option in the internal code. Allotment us list me jo hai un sabko milta hoga. Lottery un accounts ko chod ke jitne accounts hain unme use hoti hogi.
Registrar might not even know about this glitch. Jo team Software manage karti hai wahi "Moonlighting" kar rahi ho sayad... :D :D
100% kuch to gadbad hai..
SEBI should hire a tech company and get the allotment software's code reviewed.
SOLUTION: Better SEBI gives this software's management responsibility with TCS... India's most trusted company.. I'm sure this will make the allotment process 100% transparent... Registrar ko bas APPLIED APPS ki list bhejni hai TCS ko and TCS's software can take care of the allotment process.. Agar registrar sheet see PAN gayab karega kisi ka to TCS ke allotment side se error aa jayegi.... That's it...
Do you agree and think this is the best viable solution?
@SSingh I don't have any problem with LinkIntime regarding allotment. At regular intervals I got allotment. It is not possible to get allotment in every oversubscribed IPOs. Still the members wish, the Forum may write to SEBI asking enquiry. "CHALO BULAVA AAYA HAI, SEBI NE BULAYA HAI" JAI SEBI DI.
For formality purpose here and there we will get few lots in retail category . rest it is looks like suspicious only . Here I got one lot after so many months .
525.22. SSingh| Link| Bookmark|
November 18, 2022 11:05:29 AM
IPO Guru (1400+ Posts, 800+ Likes)
Jab tak is desh me LinkeInTime hai, Retail investor C**** banta rahega.. We want some reliable companies like TCS and INFY to manage this process. Simple!
Ab thak chuka apply karte karte, ab kuch din aaram karna hai.... No upcoming IPO..... No allotment, no thrill of buying in preopen.... Ab Monk banne ja raha hoon. Market uchai par hai. Interest ki mar small/Mid cap par hai... Global recession hai... Thak chuka hun yeh pad pad ke.. Ab mai aaraam karonga Monk banke. 😄😄
BANK SE MSG AA CHUKA BUT ABHITAK LINKINTIME SO RAHA HE, WEBSITE PE ABHITAK NAHI AYA,KYA FAYDA ESE REGISTAR KA? COMPANY KHAM KHA PAISA WEST KAR RAHI HE LINKINTIME PE