Any idea as how the refund will come? WIll it directly goes to ICICI demat account or will they mail a separate cheque. I have lost some money in the past when an IPO was withdrawn and my money never came back. Please give the phone no. where I can contact these guys and know the details.
Neeraj, Today's investment scenario is filled with grow rich overnight investors (I'm not an angel either). Go back a few years and you put money in a company based on its business and waited for the company to perform and return by means of growth and dividends.
Here we are, economy is doing well, infrastructure is required (very badly) and such a company comes with an issue... Things cannot go wrong in the long run. Maybe you will take a few more months to recover your money.
You have taken the decision and plunged (karm kiya)... Now wait and trust SVEC to do their job well and give you good returns (phal ki chinta mat karo).
Instead of investing in this and losing your hard earned money you can donate it to charity and do some social good. Mac #16 ,hope the answer is clear for you
I myself had applied for the IPO but only on impulse and not based on any research. But now I see that still the applications percentage from QIB's is zero which means that the large registered Financial bodies like FII, Banks and Funds do not have faith in this company and has not applied for it. So now I worry that whether or not, I took the right decision.