Applied three application for 20 shares each. Fortunately allotted 20 shares each in all three account, means 60 shares in hand. What strategy should I adopt?
Experts plz advise.... Any news about grey mkt premium and listing date ?
JUST CHECK THE KARVY MOBILE APPLICATION AND ENTER YOUR PAN NUMBER THERE YOU WILL EASILY GET THE ALLOTMENT STATUS
230. Ipo tracker| Link| Bookmark|
December 23, 2012 2:26:33 PM
Top Contributor (500+ Posts, 200+ Likes)
Hi everybody, This is my first post. This site is very useful and informative. Thanks to mr. UK SINHA & his team i haven''t been allotted a single share in spite of applying 260 shares in care. If it was old method every full applicant would have got 43 shares. New method of retail is ridiculous as high risktakers are not rewarded suitably. I have written strongly to sebi@sebi.gov.in to revert back to old method. In old method on bid closing day itself one w''d know how much will be allotted, now it has become a suspense thriller. Anyhow being a fund. strong co, it c''d list above & stay above 900.
if old method of allotment was followed then issue could have been subscribed many times instead of mere 3 times in retail category as most of retail would have applied for maximimum lotand finally those who applied for maximum lot could have been content with 20 share.
Santonu: Do you even know the basis of allotment before making comments like these? There were 21031 applications received for 260 shares, and 245680 applications for 20 shares. This is a normal ratio 1:10 applications at lowest lot vs highest lot in any IPO
People who had to apply for 260 shares still went ahead and did it. The overall subscription would have hardly changed if the old rule was there, but would have helped serious investors to get shares as against those who want to sell on listing day
CARE WILL LIST AROUND RS 1000 - WHEN BEING COMPARED TO ICRA AND CRISIL PRICES AND THEIR WORKING - ALSO IF IT CAN BE HOLD ON FOR 2 MONTHS WILL GIVE A PRICE OF 1200
at least you know the status of your application.i have tracked on web site of karvy ,spoken personally to them and provided them with application no, pan no,demat no and even bid process no from ANGEL BROKING LTD but no result.
This help the people who had less money for apply. this help the people who had more money to apply by preventing them from any trap.....in the terms of more share and bad company.
No, now it become pure lottery. No one will be sure for getting the shares. Smart people will start applying from multiple accounts to increase the probability. You can find the comments, one guy applied in 15 applications still no surety of getting a single lot. Luckily he got some lots, but it possible he didn''t get any lot or get 15 lots.
I wonder why sebi didn''t change the limit of 2 lacs to 30k.
222. CLD| Link| Bookmark|
December 22, 2012 9:11:42 PM
Top Contributor (500+ Posts, 100+ Likes)
New rules seems to be excellant. Now people will not raise loan at high rates for applying in IPOs. A loan of 2 lakhs costs an investor Rs. 3000 for 15 days @ 3% p.m. People who got 20 shares of CARE & if the premium on listing is Rs. 150, then such people who have raised loans hardly get any benefit. On the other hand people who just applied only 20 shares & also got them is highly benefitted. In times of large no of IPOs being offered within short period, one can apply in all IPOs with small fund availability without resorting to raising loans. As such, it is beneficial to all.
Though I am not alloted a single share after applying 4 different applications but i found this method quite interesting.now people will not be applying for max lot ,instead 90% retail will apply for minimum lot.As a result even good issue won''t be oversubscribed heavily and everybody will have chance to get alltment
heavly volume trade in premium market...care is 135 in morning now trade between 155-160 its come back from lower level.....pcj morning lower level is .50 paisa now its buyer @ 3rs...bharti no volume in morning but right now buyer @ 3.50 rs ...hope care well doing well so pcj and bharti also doing good ...
I applied for full application but didn''t get a single share. My money blocked for approx 10 days. I found others also in same situation. I send an email to sebi regarding it. Please send email to sebi(sebi@sebi.gov.in) regarding new rules if you also think these are not good. New rules for allotment made it pure gambling.