Shared offered/reserved for QIB (75%), NII (15%) and RII (10%). Total subscription is 1.06 times but no application received under QIB. It means only 25% shared will be issued and allotted. Am I right?
335.1. Eagleye| Link| Bookmark|
November 19, 2016 6:14:11 PM
IPO Guru (6600+ Posts, 21900+ Likes)
If the QIB quota remains under-subscribed by even a single share ... then the issue stands cancelled
I had booked my IPO order on the third day of the original closing day, through Canmoney and the amount was blocked in my Canara Bank. I have made repeated efforts since, from the 14th Nov. on wards to cancel the order, through the Canmoney website, both through the Cance/modify column and through Order book column, but the confirmation of the order and release of the blocked amount has not happened. I have also made telephone calls and sent e mails to their help desk. My experience of Canmoney has been otherwise satisfactory. The ASBA facility, an excellent solution, has been thus rendered undependable. I would appreciate some feed back on how to move forward on this matter. N.Narasimhan
Every bank has more or less the same ASBA process....bank portal allows to modify or withdraw the bids...howeve...many times it happens that some utilities of bank don''t work on some browsers or there may be requirement for updated Java...try in all browsers...internet explorer, Mozilla, and chrome... update java...and still issue persist then contact help desk....
Guys - I will repeat once again for the benefit of everyone. Those who wants to cancel their application please submit a new application quoting the same PAN number and both the applications will be rejected. As per SEBI you can submit only one application per PAN number and anything more will be rejected. Hope this helps.