I think you have share the demat details to any friend/relative so he applied the application on behalf of your. accordingly you got 3rd party allotment
625.6. Trueinfo| Link| Bookmark|
March 30, 2023 6:56:00 PM
IPO Guru (1800+ Posts, 1700+ Likes)
@Misogynist, somebody has applied as third party with your demat details. Mind you, tax liability will be yours. Find out from amongst your friends and relatives, who have access to your details.
625.7. Pandit Ji| Link| Bookmark|
March 30, 2023 7:03:36 PM
Top Contributor (400+ Posts, 200+ Likes)
Seems somebody wrongly put your demat number instead of his
@Misogynist "RAREST OF RARE". All know, what this phrase means. Other person knowing full details of yours and your demate account. May be applying in your name earlier. Try to remember. Registrar may come to know the error and accordingly rectify in due course of time. Be careful and don't hurry to sell shares. I think so. Wait for the facts to come. You are the best judge to decide. You have got lot of opinions.
@Hemant you are correct....I have decoded the riddle. My B'ful GF has used my Dmat. She keeps passwords of all my accounts. Logically I am done by now. Beauty is getting so pricy and relationships claustrophobic.
@Misogynist You seems tobe a different person than your so called name : "Misogynist". So nice to read that your B'ful GF used your Dmat. I remember one very famous old song : "HAMETO LOOT LIYA MILAKE HUSN VALO NE, GORE GORE GALO NE, KAALE KAALE BAALO NE". CONGRATULATIONS.
Harsha engineers Dmart All cargo logistics Infosys Birla soft Macrotech developers
Good to hold for next 2-3 months
620.7. Smile✍️| Link| Bookmark|
March 31, 2023 6:56:08 AM
IPO Guru (1600+ Posts, 900+ Likes)
Based on news about current reputation of promoters, 1. Small investors received allotment of HNI should keep"free ke shares" in account making capital free for next. 2. Retailers should retain as high probability of 2 UCs. 3. Lucky to receive allotment of one lot. My goal is 45% premium. Let's see demand supply ratio. यहा संयम जरुरी है, ईशू छोटा है। अॉपरएटर टूट पडेंगे। ये बडी क्वाटिटीमे छोटी किमतपर सेल डालकर दुसरे अकॉउंट से सस्तेमे माल जमा करनेकी पूरी कोशिश करने।
617. Vnrao| Link| Bookmark|
March 30, 2023 8:36:27 PM
Top Contributor (400+ Posts, 100+ Likes)
This Registrar MAS Services has the dubious distinction of not returning the Application money to Non-allottees, prior to ASBA and great manipulation in Allotments. I am also a victim of non-receipt of Application Money in respect of CITICORP Securities in 1992. I have taken up the matter with the Company Chairman Mr.Thiagarajan who promptly directed the Registrar to refund the money and I got it. In those days Companies will have to Refund Application money to unsuccessful allottees within 70 days, failing which they have to pay interest @ 15℅. This Registrar used to print Refund Orders with just before the expiry of 70 days stipulated but never dedpatch them. Only on receipt of complaints from Applicants, they will despatch. The process takes minimum 100/120 days from Issue closing date. Horrible Registrar.
@Vnrao, thanks for sharing your past experience with MAScammers. Good learning for new retail investors like myself on how IPO's used to be operated in past and how things have changed significantly nowadays.
617.3. jajo| Link| Bookmark|
March 31, 2023 5:07:45 PM
Top Contributor (300+ Posts, 200+ Likes)
Now a days Banks, Lead Managers and Registrars are required to refund/unblock funds of the unsuccessful applicants in an IPO within the stipulated time. If there is a delay, they will have to pay interest for the delayed period. Due to this reason, the applicants money is returned/unblocked as soon as BOA is finalized.