If you can not qualify the exam, then change the marking system. In place of minimum 50 as pass marks, set 1 only. Likhta did the same thing under QIB category. Surprising that a 61 Crore IPO did not get 30 Crore from QIB. Watch HNI and retail action. Since many of them did not get chance to cancel the application from ASBA and UPI, they have applied one or two more application under the same PAN. So that the first application automatically got rejected.
I cancelled my application via HDFC Net banking and got a confirmation message that my application is cancelled. I logged in again to recheck the status was showing as ' under process' modified. When I again tried to cancel it said it cannot be cancelled, as under process. Is anybody aware that the application is cancelled or not. Thanks
251.1. Johny| Link| Bookmark|
October 7, 2020 1:04:26 AM
IPO Mentor (800+ Posts, 1000+ Likes)
Go to fund release in IPO Section and release funds. If you can do it then application is cancelled.
I have cancelled my IPO application of Likhitha as I don’t want to take risk. For the first time in history i have done this. I still regret for not cancelling my application for General Insurance.
Look like Bigshare is fraud registrar reduce qib quota illegally previously attempt 2 IPO both listed very bad so withdraw your application immediately.
We Should all complain in multiples to SEBI for through their Website www.SCORES.com
First register yourself if you are not.... its very simple...
Then go to Option Register Complaint on the top..
After clicking it opt for the option Listed Securities and then select Prelisted and Enter all the details...
Select the various reasons related to it given on the downside and enter the complain matter in it and Press ADD...
One of the Reason is Book Building... Where you can complain that QIB quota was allotted to HNI which is not permitted as per Regulation 32(1) of SEBI.
This is utter nonsense. just to make IPO successful they reduced QIB portion rom 50% to 1%. Now share will list at any cost. Likhita will get what they want. Investors dubbed, doesn't matter. Serious questions on role of regulator. Height of corruption.
Since the QIB was subscribed only 50%, the Book Runing Manager decided to lower thier reserved portion from 50% to 1% thereby making the QIB subscription look like 25x subscribed. It is not mentioned in any news. The news just say that it was done because of technical issue faced by QIBs. And that lower end of price band was further reduced by Rs 1.
It looks like forcefully making QIB oversubscribed. What was the glitch faced by QIBs? Am I being paranoid or there is something actually suspicious?
If QIBs dont want it and HNIs will mostly get allotment, I don't see demand on listing day. Especially as RIIs will want to exit. Hence, I am pulling out my 8 applications.