I wish you knew the regulation guiding listing. It will most likely be in 5% bracket and be placed in T2T category being small company unlike Just Dial.
Karvy is definitely a fraud. I had applied for 1500 shares (2 applications). Both ZERO shares allotted!!! Totally 8 applications from my family. Not even 1 allotted. WILL DEFINITELY COMPLAIN TO SEBI AGAINST KARVY
If you had subscribed for less than 8lots you should get by lottery as subscription is 7.55 times if you don''t get by lottery when subscription is more than 16 times then also lottery is fine.This minimum lot to maximum retail participants is grossly vague. Please lodge complaints at SEBI complain registration website www.scores.gov.in
It''s not fraud but the SEBI Rule that states minimum allotment to maximum shareholders, which is meant to act as an incentive the retail shareholder but grossly against those who apply for more shares.
Referring to Mr. ANIL BATRA''s comment: "Listing on friday 9th april source http://www.smartinvestment.in/" Is this source - http://www.smartinvestment.in/ - genuine?
Partly right.but what to do? when the issue is small and more number of aspirants are therethen lottery system. and luck plays.This is going to be in future also.