I think its high time now for sebi to increase the minimum application limit for general public from 100000 to 200000 per application, they may double the value i.e 12000-14000 Rs. for single lot which is between 6000-7000 per lot at the moment.
PATHETIC !! Applied for 210 got NIL ! Something seriously wrong with Intime ! They are just eating interest on 1 lac.. in all other IPO if we apply for max limit, we get assured allotments.. but not in Intime.. even Mundra IPO was a shocker for me
i had made application for 210 shares. i have been alloted nil shares. But when i checked my application status on intime site it shows as 150 shares applied. Also the amount paid for the shares is Rs. 97650. The refund amount on their site is showing as Rs. 69750. This is a grave mistake by the registrar intime and it shows how incompetent they are. Due to their error i will have take all the urns to get my refund back. This shows how the registrars work and how they manage people's money. In the near future i am not going to fill IPO's with this registrar. And i would also appeal to my dear friends who invest in IPO's " Be Aware of the Registrar whose name is INTIME SPECTRUM." My confidence has been shattered. I am also wondering how can these people getaway with things like these. They should be held accountable by the concerned authorities. I know i will get my money back but look at it this way i have to waste my time with frequent follow ups and also spend my own money in callin them up. All this is not going to be refunded by the them. This is to let people know how errorneous these registrars are. If they are capable in doing it in refunds that what would be the status on allotment. in of the messages i have jus read that somone with an application of 75 shares has been alloted 15 shares and people like us who have made the maximum application get no shares at all. (message no. 343). What a waste!! Did not get any shares alloted and also got dupped with my money. Guys thats all i can say. Happy and safe investing.