How it (IPO / SME allotment) work, lottery system or first come first serve!
4.1.ANURAG GOYALJan 02 2024 12:52:16 PM
lottery system
4.2.MumbayalaFeb 22 2024 06:29:08 PM
Applications submitted by individuals on their own using online banking platforms are assigned a unique prefixes. Similarly, applications made through brokerage houses are assigned a unique prefixes. There is a strong lobby among brokerage houses and bse/nse. The allotment process ignores applications made by individuals based on prefixes. The applications with certain prefix submitted through brokerage houses are preferred while allotting profit making ipo. Only loss making IPOs are allotted to individual applications made through online banking platforms. General Public keep trying their luck to get profit making ipo allotment without knowing that they will never get. Just ignorance.
I APPLIED FOR INOX IPO AND HAPPY FORGING FOR MAXIMUM AMOUNT OF 13 LOTS IN RETAIL CATEGORY , 3 APPLICATIONS IN EACH IPO. BOTH IPO''S WERE SUBSCRIBED 15.4 TIMES IN RETAIL CATEGORY, BUT I WAS NOT ALLOTED ANY SINGLE LOT, MY FUNDS WERE ALSO BLOCKED. NOW I WANT TO KNOW WHAT WOULD BE THE REASON OF NON ALLOTMENT [OVERSUBSCRIPTION OR ANY TECHNICAL APPLYING ERROR] FROM WHERE I CAN GET NONALLOTMENT REASON THANKYOU FRIENDS
Dear Sir, What are the systems of SME IPO allotment. Is there any transparency in allotment of SME IPOs or is it allotted by their routine procedure? Is there are chances of allotment of female retailer and minor retailer ? Pl advise in detail.
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