Regarding Mundra allottment, one should not forget that there was one day holiday because of diwali. If that is taken into account then the allottment should be out by 21st/22nd evening. (issue closed on 7/11/2007 + 1 day holiday + 13/14 days for allottment)
It is normal to have this kind of experience with intime spectrum, I had this problem when allotment fo Everonn systems whichwas also oversubscribed substantially.Wheneve oversubscription of this nature occur I believe better to wait for sometime especially when the registrar is intime spectrum.
I would like to share some tips with the investors.
1) The general trend seen is that people make 5-6 applicatin for lesser number of shares and end up getting refunds. The better way is to make one consolidated application and give a change to get allottment on atleast one application.
2) See the retail portion of the issue. If it is big enough say 30 lacs and above then one can atleast be assured of allotment with a full application.
3) In case issues are bunched up, go for the one where the retail portion is as mentioned above , even if the premium is less than the others. Atleast you will make some money, rather than get a refund on a issue with a higher premium.
4) Apply aggressively in case of public sector undertaking issues , as they are reasonably priced and have big retail portion. Mundra,Powergrid are examples.
totally agree with moneybhai,vivek and vishwanath. Its better not to have any information than have malicious information which can take a toll on a persons psyche, we are all here to learn share and gain but in the proper direction.
Be patient...According to a news report shwon on "NDTV Profit" yesterday, all applications worth Rs. 50K or less will definitely get the allotment. Just wait for a day or two...
Since a number of people are intersted to know the status, somepeople would like to play with their nerves and get pleasure out of it. Why so much fuss about allotment dates when we can know the status in a day or two.We shouls learn to have patience in life.
It has been seen that people keep on giving false information and allottment dates. As you know, people visit this site to seek correct and accurate information I, on behalf of all the investors would like to request everyone to provide authentic information,and not go about spreading false and misleading information.
It is better not to get any information rather that to get unreliable information.