Mr asatya @ 314: SEBI has done more HARM (revising the upper limit to Rs 2.00 lacs without corresponding increase in 35 percent quota for retail investors) than GOOD (introducing ASBA procedure)
Retail Investors who applied for MAXIMUM lots and MINIMIM lots got only 17 shares uniformly in case MOIL. The only change was in ratio of allotment
More pitiable in case of MOIL is that 1 of out of 50 who applied for maximum lots were denied allotment completely.
Unless appropriate remedial measures are taken, I think retail investors will gradually run away from IPOs either to secondary market or to Sikkim Lottery.
i agree with ur first point related to sbo ASBA will close on 2pm
but not agress with second argument they provide option to save all details when u apply next time u just select recall option and will fill all details automatically
i am ready 4 apply 3 moil ipo by SBI ASBA, but due 2 techinical problem of sbi applied nil....dont wait 4 last day PSB ipo...apply today...SBI ASBA WORKS WELL TODAY