Hi Investors, Please see this link (SEBI wesite) regarding allotment, refund etc. http://investor.sebi.gov.in/faq/pubissuefaq.pdf
From the site: 7. Issue Process: i. Can I know the number of shares that would be allotted to me? In case of fixed price issues, the investor is intimated about the CAN/Refund order within 30 days of the closure of the issue. In case of book built issues, the basis of allotment is finalized by the Book Running lead Managers within 2 weeks from the date of closure of the issue. The registrar then ensures that the demat credit or refund as applicable is completed within 15 days of the closure of the issue. The listing on the stock exchanges is done within 7 days from the finalization of the issue.
j. Which are the reliable sources for me to get information about response to issues? In the case of book-built issues, the exchanges (BSE/NSE) display the data regarding the bids obtained (on a consolidated basis between both these exchanges). The data regarding the bids is also available categorywise. After the price has been determined on the basis of bidding, the statutory public advertisement containing, inter alia, the price as well as a table showing the number of securities and the amount payable by an investor, based on the price determined, is issued.
k. How do I know if I am allotted the shares? And by what timeframe will I get a refund if I am not allotted?
The investor is entitled to receive a Confirmatory Allotment Note (CAN) in case he has been allotted shares within 15 days from the date of closure of a book Built issue. The registrar has to ensure that the demat credit or refund as applicable is completed within 15 days of the closure of the book built issue. The Lead Merchant Banker also publishes an advertisement giving details relating to oversubscription, basis of allotment, number, value and percentage of applications, number, value and percentage of successful allottees, date of completion of despatch of refund orders, date of despatch of certificates and date of filing of listing application is released within 10 days from the date of completion of the various activities at least in an English National Daily with wide circulation, one Hindi National Paper and a Regional language daily circulated at the place where registered office of the issuer company is situated.
l. How long will it take after the issue for the shares to get listed? The listing on the stock exchanges is done within 7 days from the finalization of the issue. Ideally, it would be around 3 weeks after the closure of the book built issue.In case of fixed price issue, it would be around 37 days after closure of the issue.
TO MAKE COMPLAINT, SEE, INVESTOR GRIEVANCE SUBMISSION FORMAT
How is the karvy people doing the work,its almost more than 2 months now still I have not received the refund.Is there any source that we can get the money back.I am in the big mess Pls help me out. Appln No. 11766145
I have appllied from 6 applications but so far got refund for only two applications. From karvy toll free no. 18003454001, i am not getting satisfactory reply. this is really pathetic service in this time.
Sir, i applied for 225*2 shares of reliance power(part payment option) vide 2 applications nos: 48096939 & 73995352. Ironically i get neither shares nor my refund amount till date. I am in urgent need of money , please help.
Anil bhai do something karvy people have made your reputation very low among investors .U r nice man but u chose wrong registrar in karvy they dont even talk properly forget about solving investor grievieance.I have not recieved any share nor refund till date.I am complaining to sebi and request other fellow investors to complain at www.sebi.gov.in .Sorry,Anil bhai but in urgent need of money
i have applied for 210 share of reliance power ipo. My application details are as under. application No:2 6441085 Cheque No:131014 Dated:15/01/2008 Cheque Amount Rs.94,500/- Bank: The Sutex Coop Bank Ltd., Surat, Gujarat. I have alloted 15 share.Got refund of Rs.19,425/-(Reference No:740264, Refund Order No:849060, HDFC Bank, Cheque No:723051) instead of Rs.88,050/-. So the balance amount is rs.68,625/- which i have not received yet.So please sir kindly check my details and please return my unpaid refund amount as soon as possible. Please reply me on my email address also.Please sir. not received yet.
SHARES NOT ALLOTED NOR REFUND TILL 19FEB. ANILBHAI AMBANI DO SOMETHING AND GIVE DIRECTION TO KARVY TO SOLVE THE PROBLEM PROMPTLY.I HAVE GIVEN COMPLAIN TO KARVY ON 5 FEB. NO RESULT TILL 19FEB.
sir, Till date i have not received my refund order. my detail as under. IPO Allotment Status Company Name Reliance Power Limited Application No. 56458451 Dp id IN301670 Clientid 10046633 Shares Applied 225 Shares Alloted 17 Name kishori lal
I had applied for 225 shares vide application No.56458451 ofReliance Power Ltd. as per following details :
Name of the applicant : KISHORI LAL Application No.56458451 , DP ID : IN 301670,Client ID : with ELITE STOCK MANAGEMENT LTD,Nos of Shares applied: 225 Cheque No. : 808092 I have been allotted 17 shares but I have not received my refund order till date .