Vaswani Industries Ltd IPO Message Board (Page 8)

DEAR MR.GOEL BERIWALA,THANK YOU VERY MUCH FOR YOUR HELPFULL INFORMATION.I AM FULLY AGREE WITH YOU THAT IF VASWANI PRAMOTERS OR BRLM HAVE FILED AGAINST SEBI IN SET,IN THAT CASE SEBI WILL OPEN ALL THE (WEEK POINT)POLE IN SET."NOW WE SHOULD MAIL THE COMPLAIN TO SET.IF ANY BODY HAVE MAIL ADDRESS OF SET,I MY SELF AND ALL THE READERS SHALL BE THANKFULL TO THAT GENTALMAN

To,
GOEL BERIWALA
I talked to legal experts regarding this matter
said , that SAT will not go away to sebi's decisions
means
VASWANI WILL HAVE TO GO FOR WITHDRAWAL OPTION TO INVESTORS.

MR. ALI BHOY (434)

I AM FULLY AGREED WITH YOU. THE COMPANY HAS APPEALED IN SAT AGAINST
THE SEBI DECISION. NOW IT IS UPTO THE SAT TO DECIDE. HOW MUCH TIME IT
WILL TAKE NOBODY KNOWS.
SAT SHOULD CANCEL THE IPO OR AT LEAST GIVE THE WITHDRAWAL OPTION TO
THE INVESTORS. WE MUST UNITE AGAIN AND FIGHT AGAIN. PLEASE FIND A
WAY TO FIGHT THE COMPANY OF MALIGN INTENTION. BUT WE MUST TAKE INTO
ACCOUNT THE TIME FACTOR. BECAUSE MONEY IS OURS

Dear Members,

Old messages in Vaswani IPO forum are now restored. We are sorry for the inconvenience.

IPO Forum Modulator
Chittorgarh.com Team

Dear members,
It is me only expected that Vaswani will try to prove that they are clean,
By way that one can have liberty to apply and to withdraw applications by HNI or retailer before actual allotment could take place. This is can be done in three ways.
1).Sending stop payment instructions to bank.
2).Bidding at lower cutoff so that one will not get if fixes at higher band.
3).Sending application with some proofs to registrar for canceling the application.

These are permitted according to law only.

One of these only happened in Vaswani issue.
Even though it is not morally correct .but as per rule we cannot find fault with this. This is a loop hole, same to be filled up by SEBI in higher authorities.

Now the company is going to smaller court, next it will challenge in high court then supreme court.
What we can do. Simply celebrations on from last 3 months without any reason.
Does anybody stop applying IPOs. No.
Then what we achieved.
It may require waiting for another one year also if company goes to higher courts.
The only thing blinking is we will get 15% per anam interest.
Good luck (I also applied and got shares of around Rs 30000/-(blocked)

BAD NEWS
TALKED TO LEAD MANAGER OF VASWANI
REPLIED THAT Co. HAS APPEALED TO S A T
AGAINST SEBI
ANOTHER 30 DAYS DELAYED FOR CONCUSSION

ya waht is goin on vaswani ind side???i called intime spectrum ..they told that SEBI is finding....on one day i seen in tv that SEBI gave us permission to withdraw..but registrar deny that....

why all the comments deleted on this forum?

hi guys,

instead of persuading or writing to sebi, y dont we think this way...

any way we would be loosing some money even after listing...

let's collectively buyback the promoter's quota also
say for 7 or 8 rs

pl give a thinking

VASWANI IPO @ What happened for withdrawal form, no news. How long our amount will be bocked. If anybody is having any information please reply.

@MCGA
You cannot withdraw 100% allotted shares.
The BRLM will work out the number of shares you would have been allotted if there would have been no withdrawals.
Based on that calculation, you will be given the option of withdrawing that many shares maximum.
The expenses cannot exceed 1% of the total amount you had applied for (Not shares allotted as far as I could understand but I may be wrong.
The advertisement will give the complete calculation breakup.

The company will give you 10 days from the date of publishing of advertisement to take a decision on whether you want to withdraw or not.
When the advertisement will have to come is not clear in the SEBI order

VASWANI IPO KA LISTING KABHI NAHI HOGA OR USKA REFUND BHI KABHI NAHI AYEGA SO PLS BHOOL JAO APKA PAISA AYEGA .

Can anybody know how to withdraw vaswani application?

Hello Manish Mehta ji,

I think you are right but still i find it hard to believe that any promoter had something to do. Its just that company is good and well respected in raipur and around.

Thanks for bringing the possible facts.

Cheers!!!!

sorry its for mr kumar mkbs not mr mukram,it was typing error!!

mr mukar mkb,sebi what so ever say,they say upon the data what they have.....but tell you some thing,since from years and history of stock market without promoters not at all possible for operators to operate to do such deeds......kya operators ko vaswani industries hi kyun mila chalane ko.....there 6000 stocks in exchange,so pls dont forget without promoters not at all possible for operators to do such deeds.....promoters are major cheaters,its juss they play safe...by keeping their datas clean and for that they pay operators for that

Hello Guys!

Indeed this is RII investor victory, but lets not forget about the findings of SEBI that there was no involvement of Promoters or any wrongdoing of any of the Issuers. This is solely and completely wrong doing of Operators who play with market as well as RII's hard earned money. SEBI should take action on these players. If you go through the detailed Order you will find that SEBI has mentioned many times that issuer has no involvement.

Let us hope for the best.

Cheers!!!

Dear 420 & 421,

BRLM is currently doing exercise on all these points. They will publish everything in newspaper and the RII and NII will be given 10 days to withdraw from the newspaper advertisement date.
So Dont panic and be UNITED.

Can anybody know how to withdraw vaswani application?

We should know from which date the SEBI order comes into force. We have ten days to withdraw our applications and from which date the 10 days for withdrawl of applications comes into force. Probably Vaswani will go for listing after the 10 days have lapsed if they have the stipulated minimum required for listing as per rules. We should be aware of these details as the refund of the application money will depend upon these details to some extent. It should not happen that they they take indefinite time to return our application money. We are still caught in this mess and we can confidently say we are out of the mess only when our application money gets credited to our bank accounts. Can anyone help in gathering these details.