Worst app do not use it
I feel the pre-IPO/unlisted share opportunities are hyped far too much while being sold at very high valuations. The impression given is that you are getting access to an attractive opportunity before the IPO, but if the eventual IPO price comes in 30–40% below the price at which you purchased, you are already sitting on a significant loss even before considering future market performance.
In my case, I feel I relied too much on the projections and expectations communicated while making the investment. Looking back, I should have independently evaluated the valuation instead of relying on the optimistic picture presented.
My advice to other investors: don’t get carried away by IPO hype or expected listing prices. Compare the price being offered with realistic valuations and possible IPO pricing, understand the downside, and do your own research before investing. I would also advise caution when dealing with a representative named Jay, based on my experience.
Based on my experience, I would be extremely cautious about buying pre-IPO or unlisted shares through InCred Money at the valuations being quoted.
Response from developer
Hi, thank you for taking the time to share your detailed feedback. We’re sorry to hear that your experience with InCred Money did not meet your expectations, and we understand your concerns around the valuation and expectations at the time of investing. Unlisted and pre-IPO investments are subject to market, valuation and liquidity risks, and the eventual IPO or listing price can differ from the price at which the shares were purchased. At the same time, we believe it is important that investors have access to relevant information to help them evaluate an opportunity and its associated risks. We also take your feedback regarding the communication and your experience with our representative seriously. We would appreciate the opportunity to review the matter in detail and better understand your experience. Please write to us at connect@incredmoney.com with your registered details, and our team will look into this and assist you further. Thank you again for sharing your feedback. It helps us continue improving the way we communicate and serve our investors.
The App is good but the company never updates data consistently.
I had 500 stocks of NERL which I sold and purchased another stock with the Proceeds while all the quantities are reflecting perfectly in my Demat account, my InCred app still shows the 500 quantities of NERL and also the additional stocks that I purchased with the proceeds. So now I have more stocks on InCred money app as opposed to my Demat. The data is unreliable on app now.
Response from developer
Hi Francis, we’re extremely sorry for the delayed response and appreciate you taking the time to share such detailed feedback. If the issue still persists, we’d like our team to look into the data-sync issue you’ve highlighted. Please share your registered contact details with us at connect@incredmoney.com, and we’ll assist you in getting this resolved. We’re continuously working to improve the accuracy and reliability of your experience, and your feedback helps us do better.
buy only can’t sell
Response from developer
Hi Dharmesh, we sincerely apologise for the delayed response and understand your concern regarding the selling experience. Unlisted shares may have limited liquidity, and the time taken to find a buyer can vary depending on market demand and availability. If you are still facing an issue with a sell request, please reach out to us at connect@incredmoney.com, and our team will look into it and assist you. We appreciate your feedback and are continuously working to improve the overall experience for our investors.
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Response from developer
Hi, periodic logouts are part of our security measures to keep your account safe. However, your feedback has been noted and shared with the team to improve the experience.
scam app
these are scammers.
how i got scammed-
i bought oyo shares worth rs 50k, each share worth rs25. now in the app, the price of shares have surged and i have decent profit as price have surged to rs 28 per share. heres the scam- they wont let you sell on this price and you cant sell on app, instead they will themself quote very lower price on mail. for the same share if someone today buying at 28, i am being paid 22.5 rs only.
there is no transparency of buyers and sellers. this price too is decided by this firm and never being quoted on this app.
