I have applied SD Retail SME IPO through SBI ASBA. Funds blocked in my bank account. But, application not submitted to exchange by SBI and now allotment status showing " Pan details not found "
This happened not only for SD Retail SME, few other members who are using SBI ASBA facing same problem for OSEL Devices SME and Envirotech SME as well.
All these funds are still blocked including my SD Retail funds. Osel Devices refund date is 23rd. But still those funds are blocked in SBI ASBA even after 4 days.
What is the process for unblocking these funds quickly? Seniors and experts please help 🙏
I visited the home branch yesterday and shared the details 1 on 1. Have been asked to wait till EOD. As one complain has been registered for the same. Also,when i checked with SBI customer care online so they told to send a message with registered mobile number saying " REMOVE HOLD 11_Digit_Account_Number" and also share the same concern over the mail to nib.11777@sbi.co.in Message part is however showing failed for me. Also, this option is for sbi upi users. For sbi asba mail is the option. Also, i tried checking update on my previous mail dropped to above handle but no response and when asked support on ETA then they were also not sure.
98.3. Naughty ipo| Link| Bookmark|
September 26, 2024 1:11:19 PM
Top Contributor (400+ Posts, 100+ Likes)
@dtrader Write a email to sbi.11777@sbi.co.in , nib.11777@sbi.co.in. and to the registrar along with all details. Meanwhile check your demat account number is correct or not in ipo history in sbi net banking. Mention all details in the email and keep following with them.
This happens only when you have wrong dp account number in sbi net banking.
98.4. Smile✍️| Link| Bookmark|
September 26, 2024 2:16:15 PM
IPO Guru (1800+ Posts, 1100+ Likes)
@Noob Trader Thank you sir. Visited my branch today. They are not aware of all these things and completely clueless. They escalated this issue to some other person in different locality. Will mail them now.
@Naughty ipo Demat number is correct and using the same combination of SBI ASBA and Dhan demat from the last 1 year sir. Never got any problem. This is the first time this problem occured. Will send a mail to above IDs. Thank you.
@Smile✍️ Okay sir. Will be doing it tomorrow. But this SBI ASBA problem arised recently for some members and not only myself. Thank you for the response 🙏
My amount still on hold. All are giving same mail ID to complain. But no response from that email and my amount still on hold. Any SBI Users facing same problem?
Though the GMP gone a little low...but the company profile and revenue is good
97.1. Smile✍️| Link| Bookmark|
September 26, 2024 9:10:44 PM
IPO Guru (1800+ Posts, 1100+ Likes)
Non-allotment in an IPO is a major disappointment. I Always apply for SME IPOs, even if they may offer marginal or flat listing. I don’t consider a loss based on a single issue's performance—it creates fear. For me, a loss is when it delivers a negative balance sheet from April 1st to March 31st. If that’s not the case, I apply without fear."
97.2. Smile✍️| Link| Bookmark|
September 26, 2024 9:21:22 PM
IPO Guru (1800+ Posts, 1100+ Likes)
At the same time I understand line of demarcation between fearless and madness. Never apply with madness. This isn't a discount listing will list above live gmp.
96. PLAZA| Link| Bookmark|
September 26, 2024 11:52:40 AM
IPO Guru (2400+ Posts, 1300+ Likes)
@MuStrFc@DEVBULL Surprising NON ALLOTTEE in 166 lot application whereas overall 207 times. Now any remedy because it is KFIN tech will not provide full BOA
96.1. MuStrFc| Link| Bookmark|
September 26, 2024 11:55:21 AM
IPO Guru (3100+ Posts, 2400+ Likes)
Other than some other applicant i do not see any other reason why not allotted. If RTA is not providing reasons for full BoA, then should file a complaint against them without any delay. @PLAZA
Probably another applicant gate crashed for the same no of lots.... You can write to Kfin on the company specific email id...They will send you the entire BoA document over email..... Alternately you can ask them the reason for non allotment furnishing relevant details. They do reply, albeit in a lazy manner.
@PLAZA same scenario for me too.. high application yet not allotted. Have sought complete BoA by email from KFintech as well.
96.4. PLAZA| Link| Bookmark|
September 26, 2024 12:26:36 PM
IPO Guru (2400+ Posts, 1300+ Likes)
Txs Already mailed to kfin at ther mail id All.ipo@kfintech.com but as usal they will not provide because i tried for other ipos also. IMO if thr are two application both shold be allotted and if more then two then on lottery
@PLAZA Kfin is giving full BoA or at least NII portion. I got it two or three occasions. The Link Intime only is not giving. I was trying to get full BoA in respect of Vision Infra. But they refused to give it. They sent Sample BoA only published in the Newspaper where my lot size is not shown. Mad people. Now I am taking up the matter with SEBI.
@PLAZA On Monday 23 September, 2024 at 12:05:11 pm IST, wrote:
Dear Investor,
Amount Paid: 8736800
Application No.: 2340000002315359
We refer your complaint, please note the Basis of Allotment is done as per ICDR Regulations and relevant SEBI Circulars, in consultation with Stock Exchange, Company and Lead Manager to the Issue.
Further we have shared published Basis of Allotment Advertisement and relevant information and we have nothing further to add.
Trust we have clarified the query.
96.7. PLAZA| Link| Bookmark|
September 26, 2024 8:53:59 PM
IPO Guru (2400+ Posts, 1300+ Likes)
@DEVBULL Mailed and no reply so far . Will wait for few days then proceed further for getting Boa
96.8. PLAZA| Link| Bookmark|
September 27, 2024 10:09:10 AM
IPO Guru (2400+ Posts, 1300+ Likes)
kyu dusro moral tod rahe ho...aapna listing nahi hua too discount listing
95.3. PLAZA| Link| Bookmark|
September 26, 2024 3:46:38 PM
IPO Guru (2400+ Posts, 1300+ Likes)
Gopalji Don,t take it otherwise . I am not talking about this IPO issue . In general SMES are now in dark zone... Fundamentally and good issues are always welcome.
Most of the times when there is anchor the chances of listing in discount I guess are very less... there could be a one-off Sona Machinery (but that day Indian markets especially small cap crashed 6% due to SEBI's statements).
So yeah, may not be a fruitful listing but not expecting a discount listing either. Lets see..
94.6. Not Smart| Link| Bookmark|
September 26, 2024 6:18:27 PM
IPO Mentor (600+ Posts, 200+ Likes)
@dtrader If SBI did not submit the application you are entitled for a compensation. On one such occasion Igot a compensation from my Banker as per SEBI guidelines
@Not Smart At present, I'm waiting for my blocked funds to get unblocked sir. No one is literally helping in this process.. my bank branch, customer care, email support. No proper response from anyone.
Nah...It had 1 in 10 chances..... I had 4 apps so for me it was 40% chances...Couldnt get though. SMEs allotments are a grey area.... One has to be extremely lucky for allotments nowadays. Anyways, now am used to getting no allotments. This one shouldnt list in discount. It seems to be a good enough company to hold. All the best to the allottees.
0/2 in the HNI Category of 4 n 3 lots. All the best to the allottees
85.1. KGSKIPO| Link| Bookmark|
September 26, 2024 1:01:16 PM
Top Contributor (400+ Posts, 100+ Likes)
@KAMMA SIVA RAMA KRISHNA Sir, be cautious in SME ipos as the loss in a wrong ipo result in unbearable loss for small investors. Nothing works including strong fundamentals, good gmp etc. The share without gmp quotes at 90 % profit on listing and the share with 50% gmp list negatively.