Excellent short story for the comparison of current situation.. I could not control my laugh reading your post. Thank you very much...
114.2. Maximizer| Link| Bookmark|
October 2, 2020 2:08:26 PM
Top Contributor (200+ Posts, 100+ Likes)
Lol! But only one child got this adjustment. Remaining children are aware of this fraud!!!
114.3. DownriteVJ| Link| Bookmark|
October 2, 2020 4:51:44 PM
IPO Guru (1400+ Posts, 1200+ Likes)
@maximizer - although other children might be aware of fraud they dont know how to cancel the application or will simply ignore this. I am pretty confident that retail section will not go below 15X.
:) LOL IPO Mitr :) Reverse calculation is applicable to NII who got 10 out of 10 and now teacher changes to 10 out of 100.Anyway nice story to explain :)
112.2. DownriteVJ| Link| Bookmark|
October 2, 2020 4:47:11 PM
IPO Guru (1400+ Posts, 1200+ Likes)
No difference. They had tweaked to make this IPO sail through. If you are not sure or not confident then you can cancel your application else keep your application as is.
This tweak is already showcasing that non-risk-takers will stay away from it. I am not sure how this will now move on listing now.
Yes bank itself is a scam. No online process to cancel application. You have to request your RM or branch manager to cancel application.
109. techuser| Link| Bookmark|
October 2, 2020 10:59:08 AM
IPO Mentor (500+ Posts, 300+ Likes)
@Experts, Can anyone explain how QIB suddenly became 22X, as pointed by @pokemon, they've reduced QIB from 50% to 1%?? How could they do it, is it allowed?
@Cautious ipo, In fact, whenever such things happen, SEBI is always in radar. But frankly, these are all big boys and they have taken retailers for granted. They believe that, what retailers can do to us, except few email complaints here and there?
Is there any known issue why SENSEX is stuck at same value 629.12 for long ..same is for NSE data? Does anyone know about the issue or trading itself has stopped
Strange ... very strange ... QIB now reaches 22X overnight with just a change of 1Rs in the limit? Wait and watch guys ... NIIs still not interested though ...
HNI portion is increased from 15% to 64% QIB portion is reduced to 1% from 50%
RII portion is same 35%
please read changes under below link https://www.sebi.gov.in/filings/public-issues/oct-2020/likhita-infrastructure-ltd_47781.html
Issue still open upto 7 Oct 20
Retailers please take required action if you have already applied in this. I think from next working day (monday) bank will again open windows to make changes in application, so if anyone want to cancel they can cancel.
103.1. techuser| Link| Bookmark|
October 2, 2020 11:15:26 AM
IPO Mentor (500+ Posts, 300+ Likes)
I think this is pure manipulation, isn't it, just to show good QIB numbers??
Anyways, GMP is calculated how many times HNI/NII subscribes, and they were/are not interested at all. Looks like, it's again a trap for poor retailers.
I am able to cancel application in Likhitha its shows that "IPO Issue has expired. Order cannot be cancelled". Experts please guide me for cancel my bid.
THIS ISSUE IS NOW SAFE TO BAT ON AS QIB PORTION OVERSUBSCRIBED BY MORE THAN 20 TIMES..... PLS EXPERT COMMENT AFTER SUBSCRIPTION FIGURE OF QIB MORE THAN 20;TIMES
Plz note the following: 1. For this issue minimum 50% QIB subscription is required 2. As the issue has been extended, any one can withdraw using the same bank or broker site 3. If there Is no provision, applicant can send mail or letter signed by applicant to the Depository Divn for withdrawal 4. One PAN one bank account for ASBA. The bank account should be that given in demat account. 5. Otherwise, RTA will seek confirmation from bank that it is not third party bank account 6. If joint bank account holder is the applicant, use of the same bank account may be permitted by some banks