12 Feb 2008. I had applied for 15 Shares of Reliance Power wide Application No.64629376.I am still awaiting my refund as no shares alloted under retail investor category on my application number 64629376.dated 15 january 2008.Applied for 15 shares no ECS or cheque recieved. Regards, Gurumurthy
HI, DEAR I VERY MUCH AGREE WITH YOU IN TOTAL. PANIC WAS CREATED BY ALL FUNDS AND INSTITUTIONS ALSO BROKERS. NOW THEY ARE BUYING AT LOWER LEVELS,THE ONLY THING WHICH WE CAN'T EXACTLY PRESUME IS: THE BOTTOM LEVEL AT WHICH THE STOCK CAN RESIST FURTHER SLIDING. BESIDES ALLOTMENT OF 16 I PURCHASED 20 IN THIS VOLATILE MARKET AT 350/- HOPE WE WILL COME OUT OF LOSSES ONE DAY. WHEN THE MARKET AND PRICES WERE MADLY SOARING HIGHER & HIGHEST, THESE BROKERS ADVISE US TO PURCHASE AND THEY FURTHER GIVE TARGETS. ONLY THE RETAIL INVESTOR WILL LOOSE.
IS CHIDAMBARAM & DAMODARAN WERE BOTHERED ABOUT THE IPO PRICING, IS THERE ANY SCALING IN PRICING THE IPOs. ALL ARE JUST FORMA LITIES, THESE PEOPLE LOADING THEIR POCKETS & PURSES WITH CRORES OF RUPEES OF PUBLIC MONEY.
This is to inform you that I have not received my Refund for Reliance Power IPO. Please advise. The Refund details provided by KARVT are as follow:
Company Name RELIANCE POWER LIMITED Application No. 11554313 Refund order No. 1572145 Dpid & Client ID IN300476-41574324 Shares Applied 45 Shares Allotted 0 Refund Amount 19,350.00 Name V K GUPTA Address E 363 MAYUR VIHAR PHASE II,DELHI- 110091 Dispatch Date 02/02/2008 Warrant Date 01/02/2008
I was applied for 225 shares (Ril Power IPO), for this I got 17 shares, According to notice From Feb 1st you are givings refunds and todays dates is 12th Feb but I did't receive my money back till now.
Could you please trace this and let me know the date to receive amount.
17% down – first day. Quite a dismal show by Reliance Power. It started with a greymarket premium of 450+. It ended 78 Rs down. Retail investors feel cheated. But cheated by whom? Anil Ambani? QIBs? Brokers? Or all of them. Experts say the share was overpriced. One of the CNBC TV 18 “expert” (read udayan mukherjee) went on to say that he won’t buy this share at even 300 levels. They say NTPC is a better pick. NTPC produces energy after all, that too 28,000 megawatts. While Reliance Power doesn’t even produce a single watt, forget megawatts.
NTPC is down 35% since January peak. The experts (the same) do not mention it. They don’t hype it same as Reliance Power. They say power sector has lot of potential; still NTPC is down, for no reason. Does that mean the company’s fundamentals are weak? The reason that is given is global cues, market sentiments and stuff. But when Reliance Power is down, the reasons are: share is overpriced, Anil Ambani is a cheater, Company is not producing any energy and many more.
Agreed that Reliance Power was hyped. Oversubscription was good and record breaking in many senses. But it was hyped on the negative side too. Some big brokers were advising to sell on listing and get away with whatever one can get. QIBs sold too. Heavily. As if they planned to sell it on the listing day to make a terrible listing. Street talks suggested that 7 big QIBs’ lobby will ensure that the listing do not touch Rs 590 mark which is break even for HNIs. The rumour (if it is actually one) made HNIs sleepless and they were tremendous selling pressure. HNIs did not have any other option either. It seems that retail and HNI investors are being looted between two brothers’ ego and politics.
But when someone sells, someone buys. And those who bought today are not fools. It was all planned. Retail investors and HNIs sold and brokers, QIBs, MFs etc bought. The game was simple, create panic and advise to sell. You sell so that I can buy. The name Reliance attracts everyone. Brokers, Business News Channels and Big shots are making money on the loss of millions of retail investors.
Hope you are one of the smart retail investors who has not sold today but bought.
I had Applied for 60 Shares and my application no. is 45961540. No allotment has been done No refund has come. Cheque no 298280 of Rs 6900 has been paid. Please help to get the money back Vijay
Hi, Still awaiting for my refund as i had applied for 60 shares. No allotment has been done Cheque no 298280 paid of Rs 6900/- . No refund has come so far .Please help
I have applied for 225 Reliance Power shares vide Application No. 72875986. I have alloted 16 shares and till today I have not received my balance amount. Kindly look into the matter.
still awaiting my refund as no shares alloted under retail investor category on my application number 8902692 dated 15 january 2008.Applied for 15 shares no ECS or cheque recieved.
I have not received IPO refund against the following the following application Numbers 7/4996333 - 15 shares received refund pending 8/2120197 - refund pending
I had applied for 225 shares and alloted only 17 shares but till date not refund made .. I not sure why they are taking so much of time in sending the refund through ECS.
Really not good....they need to speed-up the refund procedures.
in todays smart investment thre is joke which says...dhirubhai ambani send a SMS. WHICH SAYS anil yeh tune kya kiya sab ko mere paas bhej diya,ANIL REPLIED..by sending... SMS....DAD THODE clever investor aur bache hai unko ..3 to 4 ..month mein bej raha hun..i.e. after listing of relianceTOWER