No,C.A. Ramesha, Even I hv nt been allotted, it does not mean SEBI is unfair. It is simple business of demand and supply. More applications means more demand. PPl who applied fr 2L hv rcvd 50 shares bcoz one who takes bigger risk is entitled for some reward. All of us are chasing profit and one who has better risk appetite will naturally gain. This issue will give good returns in long run like other PSU Banks so I will try to accumulate it after listing.
I have been following this forum for a long time now and have not really posted any comment till now.. however i would like to share with you guys the concern raised by many other members ob this forum.. regarding raising this retail limit to 2lacs.. this i would consider as the most stupid decision of sebi... however nothing much can be done anyways except for cribbing bout it... Even though this IPO of PSB was good i let it pass through as there is no point in getting 1500 bucks or so for an investment of 2 lacs even if we ignore the risk involved in equities... i hope somebody is actually looking into this grievance of retail investors and will do something in future about it.... till that time i think i would avoid putting my money into IPOs and atleast would reduce some amount of over subscription thats happening.... gud luck guys with PSB listing
Applied P&S through HDFC ASBA...No refund yet and order status shows as executed with Paid amount = application amount = 198000 Any one else with no refund from HDFC Sec???
Can any body tell me how the two lakh people create the problem? I applied for 1000 shares and got a big O. Earlier, I pplied for MOIL shares and the results were the same. I got my share of pound in claris and I am nursing my wounds. May be it is time to hang my boot !