Same is the case with me and half-a-dozen friends of mine who all had applied for most of these SME IPO's given above. NO ALLOTMENT. Since these are SME IPO's, the registrar takes advantage of SEBI's monitoring relaxation to benefit some specific investors who gets the allotment. And all other investors who would have applied does not get any allotment. Allotment is given to specific investors only. It's high time that SEBI starts monitoring the allotment process, much like the mainline IPO allotment process.
101.3. Modi Adani| Link| Bookmark|
October 6, 2023 9:25:56 PM
Top Contributor (400+ Posts, 100+ Likes)
@an Investor Whenever money is blocked in our account, the interest is never lost. When ever any amount is debited in the account, the interest is calculated on balance. So, don't worry for the interest on blocked money. You have sweets in both of your hands. Subscribe the issue and earn the interest. Good luck always.