MindTree Consulting Limited IPO Message Board (Page 12)

Mindtree doesn't appear to be a professional company. It is evident from their selection of Mondkar Computer Pvt Ltd as Registrars to the Issue. They should have gone for companies like Karvy, a public limited company.

15 shares is max allotment in mindtree

Mr.Sakir

You can view your allotment from www.mondkarcomputers.com

good luck !!!!!!

Mondkar is IPO registrar for the first time.. And the IPO got pounded ...

Hope they will make it befor the stock listing date...7th March....

anyone know about webside? for allotment status mindtree

I've applied for 60 shares. How much chance that i will get a minimum lot of 15.

Can anyone please tell me when is the allotment for mindtree goin to happen??????????

Dear Mr Raghu,
This is a good IPO to be listed in a few days. Even if you
do not get any allottment you can corner some shares in the market especially when it is so down
Rajan

Those who are interested to view SEBI's Guidelines can view the following SEBI link on Disclosures and Investors Protection.

http://web.sebi.gov.in/acts/dip2005.html

The SEBI Act clearly distinguishes days and working days. In some cases, SEBI has used the term 'days' and in some cases, SEBI has used the term 'Working Days'. Hence, we can conveniently assume that it is calander days.

Is it 15 business (Market operated)days or calender days? :)

Hi ...can any one tell when will the shares of mindtree be allocated and as per kamal ...today is the 15th day!!!!!!!!

SEBI Guideline 6.13.2.26 (b) in respect of Book-built issues says that in case of non-despatch/non-refund of allotment money would force the companies to pay interest @ 15% per annum.

The guideline reads as under:

"The company agrees that allotment of securities offered to the public shall be made not later than 15 days of the closure of public issue. The company further agrees that it shall pay interest @15% per annum if the allotment letters/ refund orders have not been despatched to the applicants within 15 days from the date of the closure of the issue."

Dear Ramesh
The bankers are definitely benefited by this process. Do you agree on that? Also, the possibility of tie-up with bankers for some ulterior motives cannot be ruled out.

Dear Manchana, Any money put in for IPO is kept in an Escrow account, which is an interest free account. No interest will be paid to any party.

everyone here is a moron i guess.... i fully support sunil...
he really makes sense....

Dear all frustrated investors,
They collected Rs.245512310200 from investors @ an oversubscription of 103.28 times. That means Rs.243135157700 must be refunded to those who don't get any allotment. This works out to approx. Rs.4000000 in interest / day at say, 6% annual interest. So, you know why they are not very keen to return your money or announce the allotment details.

when mind tree ipo allotement will start ?

Budget and asian market will definetly have negative impact on the IPO. The MAT part is worst. Hope it will have good listing....

which site to check the allotment status