Yes, I also got the same mail from the ICICI Direct.
2097. sdz| Link| Bookmark|
November 28, 2023 5:39:32 PM
IPO Guru (1000+ Posts, 500+ Likes)
In Geo-politics and Stock market nothing happens by coincidence. Everything is inter-related. I think this highlighting of Vinfast bad news just before TataTech type big IPO is not a coincidence. May be it is to create panic in weak hands and accumulate shares at low price
A query on IPO application rejection based on someone's comment in this page.
Can a "single letter" mismatch of my name in bank's record with the name in IPO application result in rejection??
Actually, due to mispronunciation Most people add an extra "a" in my spelling.
My bank has added an extra "a" somewhere in my name but the name in IPO and with the broker and in the demat is 100% accurate as per PAN.
Will registrar algo count it as mismatch and can potentially reject my ASBA application??
In my past experience with ASBA, though I have Never got allotment, but neither my application has been shown as "rejected" on the allotment checking page.
@New Kid On The Block No, there wont be any rejection based on the name. Name is not even matched. My name is slightly different in DMAT and Bank account. Have received allotment multiple times with all the registrars. So, I can confirm that there won't be any rejection due to name mismatch.
2096.2. The Nest| Link| Bookmark|
November 28, 2023 2:36:48 PM
Top Contributor (300+ Posts, 100+ Likes)
Dear @New Kid On The Block Grayl bhai is right. In my wife account DEMAT is by name DIMPAL and in Bank account it's DIMPLE but she get allotment multiple time form many years.
@New Kid On The Block Yes @GrayIsTheNewBlack and @The Nest is right. Ii wont affect your application especially it has small change like one or two letters. As far as i know if the 80% name match with PAN and KYC the system will automatic pass on your application.
2096.4. MuStrFc| Link| Bookmark|
November 28, 2023 3:05:09 PM
IPO Guru (2300+ Posts, 1600+ Likes)
@New Kid On The Block As you said your earlier applications never showed as rejected before, just cause this is Tata Tech, one needs to ensure due to such issues rejection is not faced, which is understandable.
I too have an extra "A" in my name, which is present in Bank / Demat and absent in PAN and haven't faced any problems so far.
@MuStrFc Thanks for soothing the nerves, bro.... was already under allotment anxiety and this new worry had propped up...
Regards
2096.6. Seth.| Link| Bookmark|
November 28, 2023 3:59:40 PM
IPO Guru (1100+ Posts, 500+ Likes)
Same case with me , my surname as extra a in pan but not in aadhar. I also didn't got any allotment till now in that account but never seen rejected also.
U don't need to worry but whenever you get time u get your name corrected in bank. It can be done on line or u can request through email. So that in future u don't face any problem in IPO or in other work
@Chandra Mohan In my opinion, If you have seen Vinfast share graph , it started declining from 25 August, why the news came out only at this time when the ttl is about to list. Something fishy right???!! I think it will not impact the gmp to great margin or its fundamentals, just a panic created by the news intentionally P.S All views are personal
2093.4. Basuvr| Link| Bookmark|
November 28, 2023 5:30:44 PM
IPO Guru (1900+ Posts, 1000+ Likes)
Don't Panic, news coming at such time are mostly to create panic and grab shares at lower price.
2092. IPO GURU.| Link| Bookmark|
November 28, 2023 5:26:24 PM
IPO Guru (1000+ Posts, 700+ Likes)
Just a thought, why can't registrar's like Linkintime have their official social media handle and be more transparent such as post updates such as tentative relase time of IPO allotment status etc., instead leading to lot of rumours and speculations, provoking everyone's anxiety.
Curious to know, is there any limitations or regulations at their end to do so ? Experts any view on this ?
I do find their email id and contact number in IPO portal, however unsure about its efficiency and level of assistance provided in this regard on getting to know about release time of IPO allotment status.
Email is efficient as they resolve the queries. Since the ipo process T+ 3 is voluntary, there shall be no announcement. It all depends on the regulator approval on allotment process
@ i think it is more expensive at this time, you can search that price are increased in last 6 to 8 months only. But you can research yourself and take decision for the same.
2089. Modi Adani| Link| Bookmark|
November 28, 2023 4:42:42 PM
Top Contributor (500+ Posts, 100+ Likes)
On 3rd December : Result of 4 state election.
If IPO list after that, many reason favor or cause harm to listing price.
Allotment information should come tonight considering listing on 30.11.23(listing date stated by MD)
2087.1. MuStrFc| Link| Bookmark|
November 28, 2023 4:49:14 PM
IPO Guru (2300+ Posts, 1600+ Likes)
The listing date as the article title says is not as stated by MD Warren. Actually the expected listing date and the other related news with that company are clubbed together. Hope you get it.
Hello.. where are the people who said debit message has started? 😂
2083. GJ Eighteen| Link| Bookmark|
November 28, 2023 4:09:40 PM
Top Contributor (300+ Posts, 100+ Likes)
I believe linkintime is smart enough to manage this efficiently. First, they will do unblocking and debit game from bank. Parallelly, they will send allotment advice cum refund intimation email. 70% Server load can be eased off this way. And, I also am guessing that they have opt for additional storage space on AWS cloud platform, especially to manage this IPO flood.
A article is published on Moneycontrol regarding poor financial condition of Tata Technologies'2nd largest customer VINFAST
That might be a reasonable reason behind Premiums coming down from 416-418 to 388-390.
This might also affect its listing by small margin Like listing of Around 60-70% as against 85%
But it's Long-term Story remains intact
They have a strong Long term relationship with Boeing who have received huge orders from Vistara , Akasa and Indigo also Vinfast's chairperson has commented about investing 1-1.5 Bn Dollars in India and start manufacturing EV's in 2026 and also officially committed 1650 cr for assembling in India
And It would require strong R&D which will be provided by Tata tech and it would be 2 yrs before actual manufacturing So it would actually be a good opportunity for tata tech to review a good long term contract
Talking about Vinfast , It's Parent Vingroup ( Vietnam ) has a strong track record , good capacity to invest more and a top class Parentage .
So If anything uncertain doesn't happen Vinfast will keep on working smoothly
It's top competitor RIVIAN is in more bad condition than Vinfast So it's the sector story and volume game like How Tesla did from 2014 to 2019
Don't know I will be allotted or not But Tata Technologies has a big long term wealth creating prospects and would surely buy anywhere below 750 ( If comes 😉)
2079.1. GJ Eighteen| Link| Bookmark|
November 28, 2023 3:37:37 PM
Top Contributor (300+ Posts, 100+ Likes)
Seems like conspiracy to buy the Tata tech at Low price from UHNI and Big players.... This will come and go... but fundamentals and business model will be forever....
GMP also tanked from 415 to 390 types. May be this will make those who don't get allotment feel slightly less miserable.
2079.5. MuStrFc| Link| Bookmark|
November 28, 2023 3:48:09 PM
IPO Guru (2300+ Posts, 1600+ Likes)
Classic click-bait scheme to get lured into. Vinfast has already been under pressure since quite some time now but these pathetic journalists bring out this at the time of listing, which is why you need to let-go of the noise.