Almost all the points looks in favour of Vaswani but u have given the last statement saying u hope judgement in favour of investors. It seems u r fearing backlash from vaswani investors. Now don't scold me brother as i wrote what i felt.
You are now dealing with a sindhi, I hope everyone knows the business behavior of sindhi, u hav just started with dealing. it's up to you to avoid or deal
Dear members, This company can raise the following items before SEBI if reqiured to prove themselves.
1).The issue is open for four days (3 days for QIB) for any investor to have sufficient time.
2).Then can very well issue instructions to stop cheque payment to the banks as permitted by law (This regard company no affair). 3).Those not intrested to take stocks can report with supportive documents to registrar to stop allotment. 4).Further there is no chance for cancellation of applications. 5).Some investors asking SEBI to cancel issue after seeing secondary market condition only but not seeing the company where the fundamentals of the company hardly changed.
So company defence is more stronger than investors plea. Hope judgement in favour of investors.
People are ready to giveout there shares even for the IPO price after trying hard for stopping from listing this IPO. I hope atleast they get there money back but u know stock market is a place where even a wise man behaves likes a opportunist and according to me Most of them are ready to short it @ opening bell. The bad thing is as almost all the shares are with retailers only and HNIs wont leave this opportunity. The Ipos which u gave example are mostly subscribed by HNIs only.
Ps.I had not applied to this Ipo and may or may not short this in listing.
GREY MKT CHAMP GURU:- AS PER SEBI GUIDE LINE ISSUE NOT DIVOLVE/CANCELLED AFTER ALLOTEMENT OF SHARES, SO THE ISSUE WILL MIST BE LISTED ON NSE/BSE IN FEW DAYS.
result of vaswani decided by sebi tomorrow.do as more as email and fax to sebi email an fax no., as it is investor opinion period.everybody should do effort to send email to sebi to cancel vaswani ipo.today sebi office is close.
148. SkDash| Link| Bookmark|
May 17, 2011 12:18:09 PM
Top Contributor (1000+ Posts, 200+ Likes)
Can a person simply ask SEBI to stop the IPO ? On what basis u guys are applying to SEBI ? I dont think on the basis of yr application only, SEBI will stop the IPO.
Recourse is there for the Co to go to SAT and SC, if SEBI will do the same unless something bad is proved against the Co.
SEBI may give temporary injunction for the listing and that to on the basis of adequate evidence.
Still no news on Listing.! It seems something is cooking from sebi's desk. Sebi might be working on our complain. May be keep our finger's cross. Normally it should have listed 2day if go by listing requirement of sebi
It is really great to see all the people coming together to stop the listing of Vaswani
We should send as many emails/fax as possible to prevent these type of frauds, because it can happen with anyone, this time of manipulation is first in ipo history, so lets be united for all those who are trapped and send as many emails as we can to stop the listing