Last oversubscribed IPO that i was allotted was Devyani International , since then not even single allotment in any IPO that was subscribed more than 5-10X in retail and some people here are receiving back to back allotments and showing off , here i am applying from 3-4 different PAN''s still no allotment , planning to just stop applying in IPO''s , extremely disappointed.
SEBI should clear the norms about third party ASBA or third party UPI also registrar should show the rejection or non allotment reason like some small registar in sme ipo clearly mention that application is rejected because of third party ASBA
Let''s say if an ipo is subscribed by 10x in Retail. Does it mean 10 applications for 1 lot irrespective of people (PAN no.) ? And let''s say 1 person is applying 10 applications then according to the algo he will get only 1 lot.
So, do I consider even if an ipo is oversubscribed, it will have less number of "unique" people. It means I have a good chance to get an allotment because the algo consider only unique people not unique applications !!! Just wondering! Thanks in advance.
@ Mittal Yes, we should apply with family members, friends, and other 100 peoples. Nothing is wrong in that... The individuals who wish to apply with multiple PANs should be entertained... One application people should get allotments in Paytm, Starhealth and such other IPOs...They don''t deserve to be in the market...
This is the reason why only a 3-4% of the indian population rule the stock market