Dear Sir, Dear Sir, My application No. for Rel.Power IPO is 18193365 So far no shares in our demate a/c. Can you please let me know quantity got alloted to this application. Also we didn't received Refund cheque, Please help us by saying procedure to follow up to get refund.
Today is 9th Feb and I have got 15 shares of Reliance Power but till date I have not got refund. My application no is 8 4533632. kindly reply me when will i get refund.
When are they going to refund our money. It's almost one month andthe scrip is going to list on Monday. Whether it's ECS or at par cheque. Please reply.
REPL WILL LIST ON 430+350 (G.M.P) WILL NOT BE GROW UP.KEEP PROFIBOOKING ON THE DAY OF LISTING. IF IT WILL COME TO 450-500 THEN BUY UNLIMITED LOTS. CAN UR AMOUNT DOUBLE IN 15 DAYS.
i hv applied for reliance power as individual catagory for 225 share and my application no is 37945718 and given cheque of icici banck and demat at icici but still i hv not recived shares nor refund and duriing checking status at your site they ask for nsdl and csdl no then filling up full form but no suitable status is seen any body can advise me for the same.
Our application No. for Rel.Power IPO is 35452282 So far no shares in our demate a/c. Can you please let me know quantity got alloted to this application. Also we didn't received Refund cheque, Please help us by saying procedure to follow up to get refund.
Please let me know status of my application no: 11767484 I can see 16 shares in my Religare Portal but yesterday no information was available on Karvy site.
Hi, I have applied through non institutional category for the IPO, I havent been allocated any shares. But I have not got the refund a well. Any idea when will the refund happens for the HNI? Retail almost everybody have already got it. I'd be glad if you could help me....
Hi Kumarasamy, You will be able to trade with your 17 shares of Rel Power on the first day (listing day). This is a simple math: Since you applied for partial shares, but for max number: Your Investment: 25875 As per partial shares funda, 17 shares * 430 (Retail Investors get Rs.20 discount for applying max no. shares. So price/share is 450-20) - Rs 7310 per 17 shares alloted which means that there is no additional amount required for your allotment. Everything is adjusted within the partial amount which you've paid. So you will be able to sell/trade the shares (if you want to) on the day of listing.
Happy Investing. Bye Bye. All the best for all Rel Power Share Holders.....
Me & couple of other who applied have not got any allotment, but we have not received the refund either. Is any one made progress by talking to Karvy on this ? Let me know if something has to be done
Today is 8th Feb and I have neither got the shares nor the refund amount. My application 26281761 shows 17 shares alloted. Any idea when the allotment will happen or should I say good bye to shares and my money. Only reply i get from Karvy is that I have been alloted 17 shares!!!!
I got 17 shares Reliance power IPO I made a partial payment (acutaly I applied for Rs.100000),tell me shall I sell the aloted share in opening day(because the therewas a rule before filling the IPO is If those made partial payment they should wait for 30 days like that what to do whether I can sell it or not!!!!!!!!!??????????????
i have applied through icicidirect for 225 share but no allotment in my demat appl.no.11248057,karvy shows appl. no. doesnot exit, no refund,can anybody tell the status
my name is manish pokharna , my application no.55658017 on 4-2-2008 . karvy that you have allotted 17 shares but yet i have not received 17 shares in my DEMAT ACCOUNT so ihave check karvy accout they have not accept my application no. plz reply once share has alloted & where is gone.
February 08, 2008 08:37 IST The stock market crash of January 21, when the benchmark indices dived to the maximum permissible limit of 10 per cent within minutes of opening, proved that it was not very difficult to manipulate the stock prices (however liquid they may be) and create a sense of panic among the stock investors.
"It was ridiculous to find the 30-share Sensex hitting the lower circuit even before the traders settled in their chairs for the day's trading," noted a seasoned dealer in a local brokerage house.
There was a sense of fear ahead of the opening bell, on account of a drastic fall in stock prices across US, Europe and Asia. Moreover, the Sensex had fallen by nearly 700 points in the previous session.
Manipulators, or smart operators, whichever way you look at them, punched in orders on the 30 Sensex stocks (and NSE too) at prices much below the previous day's closing.
The volumes were absolutely negligible, but the absence of buyers ensured that the market had a free fall.
Consider this: The trading volumes on Reliance Industries [Get Quote], in the first few minutes before the market shut down, were a mere 30,235 compared with the previous hour's (last hour of the previous day) turnover of 21 lakh shares.
It was the same with most of the other stocks on the dreaded day. Take the case of ABB, a very liquid counter. Its total shares on offer were a mere 50 on the crash day compared with the previous hour's 1,14,723 shares.
The prices punched in were 7.8 per cent lower than the previous day's close of Rs 1,272. "There were simply no buyers as stock prices were falling all across the globe," explained the dealer.
Bharti Airtel [Get Quote], a key Sensex constituent, saw trading of only 1,966 shares at Rs 724.50, down 11 per cent from the previous day's close of Rs 826.50.
The average traded quantity on the counter was 6.87 lakh shares in the last 20 sessions.
"Though our margining systems and mark-to-market systems are very good, regulators should find out who manipulated the market by creating panic during January and last October (when the issue of curbs on participatory notes arose) by bringing the level to the maximum allowed 10 per cent," said a dealer in a brokerage house, adding that this fear factor was used by smart traders during the crash.
Any crash triggers margin calls, which makes matters worse for the retail investors, who account for over 60 per cent of the derivatives turnover.
Narayan Ramachandran, managing director and country head of Morgan Stanley, said the problem was in the margining system and not a technical problem.
"I'm sure regulators must be looking at the current system, so that the pain is much lesser in the future," he said.