As per Intime Spectrum website itself....The allotment process should be compleated within 15 days form the date of closure of the issue.SInce the time deadline for credit of shares,dispatch of refunds etc.are also the same,the allotment process normally is compleated 2 days prior to 15 days deadline- i.e.by the 13th day form date of closure.
dear friends. reliance power ipo confirmed opening on 05-12-2007 to 12-12-2007. reliable source from rajkot and jamnagar. also reported on this site and also on one of leading gujrati investment journal. avoid edeweiss capital for the following reasons: [1]reliance ipo is opening keep cash for that ipo. [2]edelweiss is expensive. [3]if u see qib figures and hni figures, first day it was 8 times in both category , second day it is 9.9 times in qib and 8.5 in hni, just to trap small investors the first day oversubscription was fixed, no change in second day figurs. [3] allotment of 8 shares by lottery, if there is correction in market no chance of making money. [4]keep cash for reliance power, huge allotment, huge premium, huge profit plus peace of mind. discaimer: i m not applying edelweiss, i m keeping cash for reliace power ipo, i will apply 5 applications in maximum category of my family members.
I dont know how much old u r in this business but lets talk practikle i know that grey market premium per share id Rs 900 but App rate is around 3500 - 3800 may be some would be taking app at higher levels but this is the normal rate and not the buyer or sellers BID
Hi Rejneesh I can imagine your anxiety when your cheque is bounced. However, in such situation, the bank must call u up and help you to sort out the problem or send you a memo highlighting the reason for rejection of cheque. Better you change the bank