I am not sure that IPO allotment process is not rigged, particularly SME ones. My conviction is due to the fact that, me and my family members have made more than 60 applications in recent times in SME IPOs without any success. Main board IPOs we have got allotment in few cases. I do not know who makes the allotment and what are the checks and balances. Whether it is Registrar, Exchanges or some one else? I know it is computerised but what is the process followed ? Any one who has been successful in high flying SME IPOs ? Feedback will be highly appreciated.
Subscribe To Our Free Newsletter |