All smart phone users, install bLink app from linkintime. This app will send you update as soon as allotment is out. No need to ask silly question here about allotment. One time registration will be required in app.
I have a few questions regarding the IPO allotment Statuses.
I have applied recently in most of the IPO''s as retail investors with max limit for number of shares in CUT -OFF price, but always got 1 lot or no lot.
Even if the retail portion was oversubscribed 5-6 times and I applied 13-14 lots I have got one or none.
I crosschecked as always my application was perfect and I applied only online always through the same bank.
I remember previously after every IPO the registrar came up with basis of allotment, but I cannot see that now, please help.
-Aditya
653.1. CLD| Link| Bookmark|
August 27, 2016 3:31:44 PM
Top Contributor (500+ Posts, 100+ Likes)
if your app amt is blocked, then no problem. This is not complete application number, try prefixing 211I before your app no, and check in nse.This may or may not work If not, contact C CARE.
Axis bank uploads bid in nse, so it won''t reflect in bse. If you register in nse ipo bid verification, then automatically you will receive sms & mail.
I also agree with CLD. People cannot wait for a single day now a days. Remember earlier days when allotment was made after 3 months and thereafter refund. Now a days so fast. Ok allotment is on monday and listing on wednesday and no body knows the listing price . all tukka. See what happened in the case of parag milk and sp apparals. so be patience and enjoy weekend.
650. CLD| Link| Bookmark|
August 27, 2016 1:09:13 PM
Top Contributor (500+ Posts, 100+ Likes)
Many people in this forum are asking irritating questions like: When is allotment Which is next IPO What price it will list When amount get released etc.
Every body knows that allotment & listing process is completed within 15 days so they should wait.
Now a days you get information by SMS & E-mail from multiple sources also.
Most of the information on IPOs is available on this site under various sections. They should go through these sections.
Due to these irritating questions some experienced members have left this forum.
Also, if any member is allotted shares then why should he share it on this form. What others have to do with it.
650.2. jajo| Link| Bookmark|
August 27, 2016 1:38:52 PM
Top Contributor (300+ Posts, 200+ Likes)
I agree that CLD has a valid point. Many people are habitually lazy to take the trouble to find the information for themselves. So they ask for silly and foolish questions to this forum. Only useful information should be shared for the knowledge of others.
649. CLD| Link| Bookmark|
August 27, 2016 12:45:28 PM
Top Contributor (500+ Posts, 100+ Likes)
ICICI Prudential Life Insurance Co. Ltd is likely to launch its initial public offering (IPO) by September, according to two people aware of the development. The IPO will be the first public offering of a life insurer in India. ICICI Prudential Life Insurance Co Ltd has filed for an initial public offering of shares, which sources have said could raise about $745 million in the biggest local IPO in six years. ICICI Prudential Life Insurance is a joint venture of India’s largest private sector lender ICICI Bank Ltd and Prudential Corporation Holdings Ltd. The company began operations in 2000. ICICI Bank, which owns nearly 68 per cent of the insurer, is selling up to 181.34 million shares in the IPO – the first ever for an Indian insurance company – according to a draft prospectus released on Monday. The proceeds from the sale will go to the bank. The insurer, expected to be listed later this year, is not selling new shares in the IPO. Britain’s Prudential PLC, with nearly 26 per cent of ICICI Pru Life, is not selling any of its stake, the document showed. Primary share sales worth about $6 billion, including a record up to $2.5 billion IPO by Vodafone Group Plc’s Indian unit, are being planned to hit the market in the second half of 2016, according to investment banking sources. IPO activity in the first half jumped nearly 80 per cent to $1.04 billion, Thomson Reuters data showed this month, with the market on track for its best year in six as investors bet on quickening pace of economic growth. Easing of foreign holding rules in insurance companies earlier this year paved the way for IPOs in that sector, although experts say it will be only the bigger players which will look at a listing. ICICI Pru Life’s rival HDFC Life, a joint venture between India’s Housing Development Finance Corp and Britain’s Standard Life Plc, had also planned an IPO that sources had said could raise as much as $500 million. “Work on the documentation is going on in full swing. Insurance is a well-regulated business and the company has two major financial services companies as sponsors, so the level of corporate governance and reporting standards are high, and that makes the documentation work easier. Also, given that ICICI Prudential is looking at a launch timeline of September, it is imperative that the document gets filed as early as possible,†this person said. The company has hired ICICI Securities Ltd and Bank of America Merrill Lynch to manage the share sale.