This is for all those commented on IntimeSpectrum's service. I agree to the posts by Raghavendra(13) and K(15). I do not agree with helper (6,7 &9) that people should not apply for this.
K(15) is 100% right, whatever u provide in application, they take details from the demat provided by you. In fact they don't need any information other than Demat number. Now for obtaining demat, you have to provide all information including a cancelled cheque/bank statement to your DP.
A bit from my experience, I applied for Mundra Port, Kolte Patil and Transformers & Rectifiers. All online application, same demat account. Got ECS refund in Mundra Port and cheques in Kolte Patil and Transf. & Rectifiers. Now, Mr. Choudhary, can u explain thin based on your post ?
A lot of things depends on registrars. Intime may be charging less from companies, that is why most of the issues are given to them.
Do invest after studying fundamentals not based on registrars, because you believe in your luck, that is why you put money. Keep the same belief for refund also. Good luck.
Consider yourself lucky that u are getting refunds on time. And do not barf knowledge if you do not know anything. The bank details that you are talking about on the form is just treated as space by these registrars. The details that you have submitted to your demat account (NSDL or CDSL) is what these registrars use. (This is from personal experience). Even if you do not fill up that portion the details are pulled up by them by checking your Demat Account. Next time you fill up an application leave the details blank and still you will receive your refund by these registers. And secondly you are talking about INTIME. They are the biggest suckers and are the cheapest of the lot. It is that kind of a registrar who loves to keep investors money and make big moolahs for itself. The are the most inefficient of the lot. And hte worst is that they are the biggest cheaters for retail investors.
It is surprising that people r still concerned about the registrar - INTIME rather than the fundamentals of the issue. Well thats the way people are. I am not concerned if the registrar is INTIME, because I have no reason to complain about them. People should be more concerned that direction of our markets & the recession creeping into the world economies that affect all the markets of the world
I appreciate your concern and remarks MR. Chowdary. But what people are doing here is comparing intime with Kharvy or other registrars. Where the allotment and refund from other registrars is quick compared intime. So they are frustrated that why are not companies opting for those registrar. NO doubt the Intime Spectrum is a good registrar but in comparison it has lot to prove and improve.
This is for the people talking about intime refunds.
You are getting money lately because of your mistake. Are you guys writing the correct bank details including MICR code? Is your bank and branch has the facility for EFT(Electronic Funds Transfer)? If so you will get the money immediately like others. If you dont mention the proper details how are you expecting them to return the money immediately? Everytime i get money back the moment the registrars return them.
Think a while why it is happening to few people only? Either its totally your mistake (not mentioning the MICR code) or your bank doesnt have that facility. How can you guys cry on somebody for your mistake? All are in a great hurry to make quick bucks but doesnt fill the application properly.
Lots of IPO's in Jan/Feb, Already applied for Rel Pow.I am a new investor, Kindly suggest which IPO to apply with maxx listing gains.J kumar,cords and cables, Mobile
Dont apply for KNR and cords , the registrar is INTIME , you will not get the refund for months . It is not wise to block thousands of rupees for the profit for minimal premium .
Dont apply for KNR and cords , the registrar is INTIME , you will not get the refund for months . It is not wise to block thousands of rupees for the profit for minimal premium .
all investors , I advise all not to invest in KNR and cords cable IPO . The reagstrar of this IPO is INTIME Spectrum . If you are reading the msgs in this site from last 1-2 monthes , the most of the problems were regarding the refunds of Mundra port IPO , even some of the investors have not got the refunds of central bank IPO ( from 6 monthes) . The registrar of these IPOs is the same INTIME spectrum . The reason of not getting the refunds is that this registrar never responds to the complaints of the investors . Before applying to these IPOs try to contact the registrar , I am sure that you will not be able to contact the registrar , if anyhow you are able to contact them they will not even listen to your problem . If you dont believe me wait for sometime and you will find a lot of msgs regarding the refund of these IPOs( KNR and cords ) .
just finished with future & reliance, now comes some good issues like J.Kumar Infra, Cord Cable, On Mobile, KNR Cons., Emmar and many more in the que.
but i should suggest you to go with OnMobile and KNR Cons. as for Emmar there will be the same rush as we have seen in future & reliance. chances of allotment in these are rear. while OnMobile and KNR Cons are here with a lot of shares on their issue size.