Enjoy guys,You have been saved from the clutches of Vaswani by the important contribution made by all the friends in chittorgarh board.I know nobody will learn a lesson from this & they will continue applying to such faltu issues.
Consider this: CHD May 23, 2011 12:17:56 PM IST | I Like It. Like | Report Abuse
CHD's - IPO Recommendations, IPO Comments, Public Profile Sanghvi Forging & Engineering Ltd IPO ONLY YESTERDAY I HAD PREDICTED THERE WILL BE FIREWORKS ON LISTING..... SEE @ 49 ....
CONGRATS ALL YE SMART INVESTORS/ BRAVEHEARTS WHO HAVE MADE MONEY IN THIS IPO .... WHILE SO-CALLED EXPERTS WERE SCARED TO APPLY.
W e can easily see from this people are brave enough to apply.so they should be brave enough to suffer similar losses.Suppose a guy made 50 K in Sanghvi he should be ready to face similar losses.
So friends decide for yourselves If you are brave enough then please do not cry when you see extraordinary loss .As it was one time issue & people wanted to teach Vaswani a lesson they poured in their complaints.Next time it will be every one to himself & there should be no pity & remorse for such people who apply for these issues becos their sole aim is to make money & as this is gambling you will have same probability of success as you have in any casino.....
Although the money is blocked for 30 days but we will get the interest of 15 % which is much better than the shock that vaswani would have given... This is a very good lesson to the promoters/operators and BRLM..
these persons are responsible for this..Thanks to God
I just got mail from Chittorgarh.com regarding vaswani IPO
SEBI has issued a press release in the matter of initial public offer of Vaswani Industries Ltd. Following are the highlights of the press release:
1. Listing of security of the company should be stopped till an investigation of the withdrawal of applications is complete. 2. Before permitting the security of the company to list, investors should be given an exit option so that the securities allotted to them in the IPO can be withdrawn; subsequently, a call on the investment in the company can be taken by the investors post listing of the same. 3. A detailed investigation will start in this matter which will complete in 30 days (by 25th June 2011). 4. The bankers will place the amount in the public issue account in an interest earning account.
SEBI has issued a press release in the matter of initial public offer of Vaswani Industries Ltd. Following are the highlights of the press release:
1. Listing of security of the company should be stopped till an investigation of the withdrawal of applications is complete. 2. Before permitting the security of the company to list, investors should be given an exit option so that the securities allotted to them in the IPO can be withdrawn; subsequently, a call on the investment in the company can be taken by the investors post listing of the same. 3. A detailed investigation will start in this matter which will complete in 30 days (by 25th June 2011). 4. The bankers will place the amount in the public issue account in an interest earning account.
Thanks SKDash. As per the order: "App in the HNI category amounting 44.6 Cr(approx 90% of issue size) have been made on the opening day of the issue at the cap of the price band. ALL these apps have been withdrawn subsequently"
This clearly indicates the mindset of the company.
Dear GOEL BERIWALA, Do you still have a faith in SEBI? I think 99%( you are in 1%) of the Chittorgarh.com bloggers/ user would not have even 1% faith in the SEBI. So rather blaming SEBI, pray to GOD only. But do not be so worry, on 90% cases with such issue ( extended listing or any other LAFARA) you get reasonable exit above issue price on listing day( first 0-60min. may be). Even if you do not exit then who are responsible?.
yes u bet,ashika capital is tryin to bribe sebi.......very much in to it,if sebi gives them knot to list without giving withdrawal option to retail investors then one can never trust sebi.......will never be an option for retail public......it wud be like sebi is also lying under the arms of powerful people like mr kanoongo of ashika capital