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I got allotment

Where i can see HFFC allotment status

Yes i agree a High risk IPO

.....a high risk IPO .....

Some points grab my attention while reading RHP for HFFC
1)New to credit loan accounts (1st time loan taken by customer)as on 30/9/19 ->44.1% & 30/2020 ->40.4% So risk of NPA in future is a bit high.

2)CAR as per RBI guidelines for housing finance company is 14% & HFFC's is having 51.8% still the company has written in objective to strengthen company capital base to meet future capital requirements & please note collection effeciency for this comp.is 96%.(means at nearly 4 times above min.reqt & good collection effeciency u still need to strengthen)

3) Industry P/E 20.4 ; HDFC P/E 27 ; LICHF P/E 8
HFFC's asking P/E 48-49 way higher then top peers & industry

4)HFFC sold stake to orange club investment on 15/10/2020 & 13/1/2021 @ Rs334/ share & within 10 days HFFC is asking a price from us @ Rs518..

My view is that they are coming with an IPO just to "BEHTI GANGA MEI HAATH DHONA"

SO I'll AVOID it...

Experts please suggest....👆👆

......you have hit the nail on the head ......!

Dear Members on this forum, I think may be very few of you have ever bothered to read the "RED HERRING PROSPECTUS" In every IPO its clearly mentioned:
"QUOTE
In case of joint Bids, ensure that First Bidder is the ASBA Account holder (or the UPI-linked bank account
holder, as the case may be) and the signature of the First Bidder is included in the Bid cum Application Form;
UNQUOTE"
If we feel our application is accepted that's not correct because once shares are allotted they check the details and in case of any discrepancy just cancel the allotment.
So follow the legal terms without trying to hoodwink the system.