Guys.. Basis of allotment of Care published on economics time. Please visit: - http://epaper.timesofindia.com Economics time editon: - 25th December, 2012 Page no - 09 (Personal finance) Enjoy...
The new method of the allotment is really help full to small investor. Earlier every investor for the assured allotment need to apply for the maximum limit. Now even a small investor can have the hope for the allotment even though applying for the single lot. Thumbs Up to SEBI. They should continue such a investor friendly move. Also I think maximum application limit to be reduced to 1 lac only.
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December 24, 2012 7:54:42 PM
Top Contributor (500+ Posts, 100+ Likes)
No need to reduce limit. Only fools will apply with 2 lakh in a good IPO where he is expected to get only one lot that too on lottery basis if there are large no of investors.
Why people who are thinking it a bad policy from SEBI did not apply full 2 lakh application in PCJ & BIL. They would have got bag full of shares.
New method is good for so called Retail investors who want to make a quick buck on listing day. It does not help long term retail investors who want to hold on to a stock for long term
How many of people who applied 20 and got 20 will hold it for 1 year? Will you????
new method of sebi is completly helpfull to small investor....
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December 24, 2012 7:46:47 PM
Top Contributor (500+ Posts, 100+ Likes)
I also agree although I also did not get any shres in my 2 applications in which I had applied 40 shares each. I am happy. Think of those who raise 2 lakh loan & are alloted 20 shares while they pay 3000 interest on the borrowed capital.
Dear All, Yes, the new method of allotment is an absurd one. Because, many persons who have applied for full(2-lakhs), they have not got any allotment at all. But some small investors, who have applied have got 20-shares each. This is total injustice only. I also applied for 7-lots, but got none. The new method of allotment should be immediately scrapped. Members, pl. express your views in this regard. Thanks.
I totally agree with you. People who are supporting this in this forum want to make quick lisitng gains and exit out of stock. Send your feedback to SEBI (sebi@sebi.gov.in).
524,You are right. New method of retail allot. is anti investor,illogical & against natural justice. One should complain about this to id sebi@sebi.gov.in. Instead of devicing foolproof mechanism for preventig merchant bankers,promoters & operators of co''s like taksheel etc., sebi is punishing retail investors. Sebi should have equally distributed to all retail app. ie of 25 lac retail quota in care all the 3 lac app. should have got 8 shares each. why one lot to successful applicants.
I have applied for 40 Share in CARE ipo but not alloted any share. Now I am waiting for refund can any one tell me when refund will be credited in A/c. Is there any option to see the status of refund online.
What stu-pid way of allottment is this? I applied for full 260 shares and haven''t got a single share. This is wrong....applying for full amount, you should get at least one lot!!!!!!! Any comments from the veterans! I have never seen such a thing.