Just imagine pure chaos that will unfold after December when compliance will increase for them (checking 3rd party and all new timetables) if they have to struggle with allotment with so much time ! Not criticizing, just putting my view out there, I know that would be alot of work...
In the age of AI, 1 day is sufficient for giving allotment. Everything is done by machine only, there is no person sitting on desk and checking each and every application. Of course , if they want to do some kind of manipulation then it may take some time. Otherwise, there is no difficulty in whole process.
373. abc xyz| Link| Bookmark|
August 10, 2023 8:44:11 PM
IPO Guru (1400+ Posts, 1400+ Likes)
Dear all As this ipo SBFC was closed on 7th August 2023 ( Monday) and today is 10th August means 3rd day after closing the ipo. During these 3 days there is no Saturday & Sunday. Means registar have to give the allotment in 3 days. So thinking that perhaps it may be difficult for them as all registar are habituated for giving it in 5 days. Let's hope I may be wrong and the allotment will be release ASAP.
But one thing that I always says that here we have to raise our voice for everything, nothing comes easily. This is my experience, may not be true for others. 😋😜😝😛🤑🤗.
Your voice is already listened. Sebi has made it mandatory that listing will take place on the third day after the close of IPO. This will come into effect from December 1.
@abc xyz Arre Isne Utkarsh Bank ka To ek din phle hi de Diya tha
373.3. abc xyz| Link| Bookmark|
August 10, 2023 9:08:11 PM
IPO Guru (1400+ Posts, 1400+ Likes)
@BlackRock Read my message carefully. I mean to say this time only 3 days. ( no Sat & Sun) In Utkarsh the ipo closed on Friday ( 14th July) They got extra 2 days including Saturday & Sunday. Let's see.
373.4. abc xyz| Link| Bookmark|
August 10, 2023 10:42:12 PM
IPO Guru (1400+ Posts, 1400+ Likes)
My assumption seems to be right. All the registars are not customer friendly and even though the authorities can't take actions against them. So this kind of working will be continued...........
373.5. abc xyz| Link| Bookmark|
August 11, 2023 8:56:55 AM
IPO Guru (1400+ Posts, 1400+ Likes)
It's a great Jumla by SEBI @ T+3 The registars can't do this work as they can't provide allotment in 3 days and still we are thinking listing on 3 rd day. Don't give false assurance of T+3 .
@abcxyz. , Sebi is not giving jumla. Jumla is patent for some others person. Sebi is giving order which registrar bound to follow. If they can't follow some other registrar will replace them.
Dear customer, hold for Rs. 14,820.00 has been removed from account no. XXXXX664754. If not requested, please contact your branch-SBI Please do not reply to this auto generated email. For any query, please contact our toll free number 18001234 & 18002100.
applyed 3rd day 1 PM apna kaam toah khallas ho gaya,,,
367. Arun Jindal| Link| Bookmark|
August 10, 2023 10:18:56 PM
Top Contributor (400+ Posts, 100+ Likes)