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I have applied for 117 shares (13 lots) in ipo as per my application No.11362333 through Axis Bank. It is astonishing to say that the entire amount has been refunded. I am surprised that though the retail portion of the ipo has been subscribed 2.75 times & 35% of the issue has been reserved for retail investors category, not even a single lot (9 shares) of shares has been allotted. It is impossible to happen this way. Kindly let me know whether :-

(1) there is any technical error in the allotment process at your end ?

(2) Is there any technical or any other error in my application ?

(3) Any error with Axis Bank ?

I am awaiting your reply. This may be helpful for me to avoid error while applying for ipos in future.

Yours sincerely,

Velumuri Narayan Rao.