Vaswani Industries Ltd IPO Message Board (Page 20)

GOEL BERIWALA May 19, 2011 11:10:05 AM IST | Like (1) | Report Abuse

GOEL BERIWALA's - IPO Recommendations, IPO Comments, Public Profile

Vaswani Industries Ltd IPO
THANKS A LOT TO ALL GUJRATI INVESTORS PROTECTION TRUST. WHO DONE A

GOOD JOB IN AHMDABAD TO GET THE LISTING STOPPED BY SEBI.

THANK YOU ONCE AGAIN.

Dear GOEL BERIWALA,
According to Ashika capital almost all the withdrawals in retail & most specifically HNI came from Ahmedabad.So it seems only few people like you have missed out in withdrawing from Ahmdabad.You are thanking Ahmedabad but they were the very people who have created such situation.So keep your regional feelings aside & thank the real ones who have helped you.

Dear Friends
Breaking News but not confirmed
Retail investor may be allowed to withdraw their Application.

Dear Friend
Please put up a mail & request SEBI to allow withdraw of Application who are willing to do so.
Request SEBI to take action on BRLM & Registrar of the Issue who had not given detail of Basis of Allotment on time.
New Rule should come into force Like Buy Back of shares by the company if it does not fetch the ATP of the Issue within 6 month, Hold the issue if withdrawal of 75% in a particular category after closing the Issue.
Any changes or withdrawal of Application in QIB & HNI can be done 1 day prior to Issue closes. No changes can be made on the last day from both QIB & HNI neither they can cancel their Application prior allotment, Because they can Subscribe their part with an single application.
I think SEBI should take these step.

In cnbc awaaz the BRLM has indicated he may give the existing investors an opportunity to withdraw.

ipo finder
yes technical rejection is the game of ipo and stock market since long why cry for
sk das hence powers are resticted and imposition of fine suspention for six months for broker etc can be done i still feel i have never read in books that listing can be stopped for ever once allotment is made
i am very sorry but what i know iam writting time will tell wait an watch for news in tv

Sir,
I had applied for Vaswani Industries.As you are aware by now there seems to have been mass scale cheating & rigging in the ipo.Being a small investor the chances of losses are high & will be disastrous for me. If you do not take action now chances are that many small RIIs like me shall vanish from the primary markets.

Hence i sincerely Hope you take suitable action like canceling the issue & save us from this fraud.
THanking you

Yoyrs sincerely
Ratanjit Banerjee
Kolkata

PS: i did not apply for Vaswani......but its for my fellow mates @ Chittorgarh with spl thks to Sreedhar
UNITED WE STAND DIVIDED WE FALL

Here only following persons are crying for non listing of waswani.

1. Who had sold shares in grey market taking 1200 per application and balance ( Excess) are in there hand resulting huge loss.
2. Who had sold there application in 1800 to 21oo range and applied extra one or two application for there extra benefit now resulting in loss though they have earned earlier issues.
3. who used to apply one or two lot in all the issue for abnormal profit as in earlier issue.

My advised to all such peaople pl stop the selling in grey market at such a low rate only to earn extra interest on the amount lying in FD/OD for extra benefit.
If such people will learn a lesson from there act the other people innocent will be benefited at large. This happeed to only 1500 to 2000 application but actual 200 to 300 persons who used to apply in all issue for there extra benefit at any cost. My submission is that they should penalise or brave enough to bear loss. Also pl stop selling applcation at such a low price in the interest of 200000 applcants in INDIA .
This may be not in favour of small group based of gujrat but if they analyse they all are personnaly responsible for the same. They used to sell applcation at any rate so they should be panalised.

This is alesson to 200 people who are crying here. May be annoyed by me but simultaniously thousands of investor who are linked with this forum will be benefutted in large. Sorry for hard comments.

see the basis of allotment of vaswani

http://www.cmlinks.com/pub/ba/bashow.asp?code=40458

heavy manipulation in basis of allotment also, they are showing the HNI Quota only 1.24 before technical rejections

Basis of allotment was not available anywhere till today, from today only it has been shared..

186-Fools Brooker and 191-Raj Hemant

Market regulator has all and exclusive power to do anything it like to regulate the mkt. Nowhere the power has been restricted.

Vaswani industries ltd ipo
SEBI does not has the powers to stop listing of shares once allotment is done SEBI can investigate in the matter and take action on BLMR ,brokers fine then also but investors are in no case going to get their money back from SEBI
public is still fighing inthe coal india episode where alloment was not done for full 1 lakh applicants because of the fault in the terminal of the broker or broker forgot to punch many applications of their client due to huge rush cheques were cleared but full money was refunded to many investors
so bad luck

Dear skdash,
Just give the mail as I had mentioned.No need to give application number.It will work.

vaswani industries

always take the advice before you apply in any ipo as hni qib will cheat you but now onwards all apllications from 1 may 2011 will be in asba for qib and hni investors so stop payment of cheque will not be possiable but still after making asba application we can withdraw the application before the alloment of share is done
remembers not to apply with the herd mentality ,since qib and hni are appling i will also apply .,read books read quotes in this site mark your self who is writting properly with knowledge try to guide youself others will have better knowledge than you
i also learn many things even though i am versitle to bombay stock exchange

HAI EVERY BODY,

BAD NEWS FOR ALL OF US.

ACCORDING TO A FLASH NEWS ON ZEE BUSINESS, COMPANY LISTING WILL BE

SOON. IF IT IS SO, THEN ITS A VERY VERY BAD NEWS

Given mail to both the IDs in the morning itself seeing the IDs at some other site. Hope good thing happens and retail investors are saved. In my opinion SEBI may direct Vaswani management to give a chance for the retail investors to withdraw their applications.

Iam really sorry for those who applied in this share but i am still not aware what are the sebi guidelines once the allotment is made does sebi has the powers to refund and take back once alloted shares this the first case i am going through many cases where where applications could be canclled before allotment sebi has given chance to many
let see how strong the new sebi cheif is
but i still doubt about the action the book bulding manages are strong and also try to fight about the powers sebi has
i am still very sorry

183-Sreedhar

Is it possible for those who have not applied to raise their voice against this ? If so, what will the base of their application/letter ? I hv not applied but want to join hand

CASE OF MANUPILATION WITH BOOK BULDING MAMGERS TO ISSUE
I AM QUOTING NO AND AGAIN ABOUT THE INTERVIEW OF SEBI CHEIF ON THE CHANNEL AND HOW THE HNI ,BOOK BULDING MANAGER MANPULATE THE ISSUE

HERE IS WHAT SP TULSANI HAS TO COMENT

Vaswani Industries is a very serious case and I think SEBI has rightly taken this step, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "Vaswani Industries is a very serious case and I think SEBI has rightly taken this step. If you see the involvement of the book running lead manager, in this case this has been Ashika Capital. In fact they have been seeing these kinds of manipulations being carried out in other two-three issues also. In fact I am unable to accept this argument that this can go alone, can be done alone by the company. In fact this is an excess of the issuer that is company, book running lead manager and operator."

He further added, "If you take the case here - 2,300 HNI applications having withdrawn the applications with the bogus cheques given of the non-existent banks and all that is a serious case and I think SEBI must examine all these things. In fact what happens in these cases that there are types of people those who are available, those who source the 500 and 1000 applications for the companies. These kinds of people are active in Bombay as well as in Ahmedabad. In fact they arrange this for these kinds of applications."

"When you see the mass withdrawal or mass stoppage of these applications, definitely there is, one must pin point and one must try to identify that operator or that person also. I hope that SEBI because when we heard the SEBI Chief giving interview on the channel, he has been very categorical that he will take strict action against these kind of IPO’s. So I think SEBI is going to take this Vaswani to a logical end and serious action should be initiated against the merchant banker, operator or maybe the company or any other persons involved in this."

Dear friends,
Please flex your muscles for one final time & please forward the same application which we had sent to the below address:
USHAN@SEBI(DOT)GOV(DOT)IN
JJOSEPH@NSE(DOT)CO(DOTIN

Excertp from economictimes:
As a result, retail investors were allotted 75% of the number of shares they had applied for, compared to about 25% they had expected when the bidding had closed.

The mail which we sent:
Sir,
I had applied for Vaswani Industries after seeing good retail & HNI subscription.I had applied in the knowledge I will get less numbers of shares & even if there is loss I will incur less loss.
But to my surprise I found I had been alloted 3020 shares for 4080 shares applied.This can be only possible if HNIs had withdrawn their application en masse .This is nothing but fraud perpetrated on the gullible retail investor.SEBI chairman has recently remarked on Television that his primary priority is to bring back retail investor to the market.If such cases happen retail investors like me who are in the market for more than 1 year will also be forced to exit from the market as I will make heavy losses in this IPO to the fraud committed by the vested interests who had the sole motto of making the issue subscribed. Hope you take suitable action like canceling the issue & save us from this fraud.

See the similarity between both

It is solely due to our request (the people who have not applied) has this been possible.So once more do a final favor to those stuck in Vaswani.Get them out one final time & after wards let those who apply in such faltu issues suffer.

shridhar you take leadership.
Vashwani ipo is hold not cancell.
so all retailler are send mail to finance minister that give justice about ipo, outhewise retailer not partispate disinvestment of any companey like ongc,sail ioc.
so finance minister take action and cancell ipo.

Many companies think that they are pricing their IPOs fairly. If they think so, they should offer to buy back their shares from the retail investors, if the listing is below par.