@VIPVIP @DEVBULL I copy hereunder the reply / compensation received from Bank in response to my complaint to th Bank in December 2024:
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You had applied for the Benchmark Computer Solutions Ltd. - SME IPO using our ASBA service. Unfortunately we had a technical glitch, and your application (XXXXXXX4387) didn’t go through. During this period no lien was marked in your account and the all funds were available at your disposal.
We apologise for the inconvenience caused to you in this regard. We are investigating the reasons for this inadvertent technical error and are working diligently to ensure such issues do not happen again.
The stock was listed on the exchanges on 21 December, 2023 at a Listing Price of Rs.80/- over the Allotment Price of Rs.66/- .
As per the SEBI guidelines below is the calculation for the compensation, which is credited to your Kotak Savings Account:
(Listing Price - Issue Price) x Numbers of shares that would have been allotted if the bid was successful x Probability of allotment of shares determined based on allotment.
(Rs.80.00 - 66.00) x 4000 x (6/721)=Rs.233.01
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