Major Share is given to QIB i.e 250 institutes & FII for which major share is given. They get crores of Rs. shares, while a retail investor applies two or moreapplication he is rejected, punished by SEBI. retail investor need to attach all money , while QIB do not need any money at applying, they have to give only on allotment. Retail invetor need to attach PAN card where he has given already in DEmat a/c. So this is BIG GAME of SEBI/GOv to please & make huge money by FII and Indian Institute. IF tehy really care for Retail Invesor, total Share shall be Increased from 35% to 70% and HNI 15% & QIB 10% , MF 5%. rEMOVE pan CARD ATTACHMENT , WHY WASTE OTHERS TIME & MONEY
