I believe kfin is again doing something wrong for someone's benefit.. Like in utkarsh they were so fast to unblock the amount so that Netweb get more subscribtion 🤬.(someone wanted that to happen) In this I believe they handpicked there clients and allotted them..🧐 !! JUST MY OPINION!!
Yes, same here. Not a single mainboard allotment in any oversubscribed IPO since Kaynes.
Seems, there is logic in the theory that they want to lure / give chance to new investors.
616.2. Mr. Agrawal| Link| Bookmark|
August 11, 2023 11:53:01 AM
Top Contributor (500+ Posts, 100+ Likes)
Absolutely true no allotment since kaynes in all 5 of my accounts.. just got yatharth in 1 and that too sold in 2% premium. There is no fair allotment process with any registrar . A lottery has to be a lottery.. sab jagah quota quota ...
616.3. Seth.| Link| Bookmark|
August 11, 2023 12:38:43 PM
IPO Guru (1200+ Posts, 600+ Likes)
Same here, right from Nupur recyclers I got good allotment. Even in highly subscribe IPO I got allotment. But 2023 is really pathetic for me. After applying huge no of applications still not getting allotment. I think God is not in a mood to give allotment to me as my quota is over already.
@angashe The possible reasons are; 1. Large influx of active traders 2020 onwards. Active investors increased manifold (6-7x) w.r.to 2019 numbers. Previously this much high subscriptions were extremely rare. 2. Change of HNI allotment rules for mainboard (proportionate to lottery) has attracted many new investors in the hunt of easy money. 3. Doubtful integrity of RTAs