This company used to finance computers and household electronics. They struggled a lot for survival against Bajaj Finserve who in-turn took 85% of its business. Ahmedabad based owners and now in Gujarat, we hardly see any boards/hoardings or any aggression in business with its competitors. Lots of micro-finance and more better NBFCs has taken drive nowadays. MAS financial services is struggling for its existence now.
As market is falling so hope that financial organisation will not help in this scenario. Notice icici Lombard . Many suggest subscribe , now what happened due to declining market.
19.3. AKH| Link| Bookmark|
September 28, 2017 11:52:12 AM
IPO Mentor (900+ Posts, 700+ Likes)
dude Everyone had negative opinion over Lombard but it managed to be above issue price and still its showing strength. Without analysing you can not say its over priced if market recover from tomorrow will u change ur statement
16. R R Patel| Link| Bookmark|
September 27, 2017 10:15:33 AM
IPO Mentor (800+ Posts, 3400+ Likes)
This time registrar is linkintime after many consecutive IPOs handled by Karvy although I have no issue with any registrar reg. allotment in IPOs as i know very well that in mostly allotment by lottery n this is transparent proces whatever may be happen in some cases in past like ban on karvy. So people''s complaint reg. allotment is just like kidding.....
People will not behave like kidding as they are expressing their opinions in allotment process handled by the registrar. Why every time some investors cannot get allotment hadled by Karvy but it is not the case with Link intime,Bigshare etc.When issue is not subscribed in full Karvy makes allotment otherwise Investors like us cannot get allotment.Thanks for opting Linkintime as Registrar to yjis issue.
I didn''t get allotment continuousy 5 ipos througb linkintime. But I one of three issues through karvy I.e. Dixon while no allottment in capacite apex frozeDidn''t apply lombard and Sbi life. Should I prejudiced against any registrar
@narasimha murthi you sound frustrated already. what''s wrong? why should you be upset as people accuse karvy? karvy was banned for two years by sebi. do you think they banned karvy for fun? does getting banned not sound shameful to you? no amount of lies is going to stop people from believing that karvy had a roll to play in non allotments.the time that was wasted and the hopes that were shattered. stop crying foul.
15. R R Patel| Link| Bookmark|
September 27, 2017 9:36:58 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Once a thief always a thief , KArvy was involved in 2003-2005 period for cornering retail IPO applications , they used to transfer retail shares to benami accounts
A Sebi probe had in 2006 found that several entities illegally obtained IPO shares reserved for retail investors through thousands of benaami (held in fictitious names) demat accounts. They had then transferred the shares to financiers, who sold on the first day of listing, reaping windfall gains from the difference between the IPO price and the listing price. The latest Sebi order said that different Karvy group entities were involved in the IPO irregularities and acted out their pre-planned roles.
Marcy back door works in fully subscribed upo''s. Only 10 or near by 10 percent gives outsiders to make retailers happy. Over subsribed ipo s in Hyderabad at Karvey are in the range of 5k to 10k.
MAS Financial Services 29th Sept – Price Band to be Announced 05th Oct – Anchor List 06th Oct – Offer Opens 10th Oct – Offer Closes 13th Oct – Finalisation of Basis of Allotment 16th Oct – Unblocking of ASBA 17th Oct – Credit to Demat Accounts 18th Oct – Listing on NSE & BSE