Reliance Power IPO Refund Problems
Even as the board of Reliance Power meets on Sunday to consider a bonus share issue, there are cases of investors not having got the shares allotted to them or the refund money even 10 days after the stock listed on the exchanges on February 11.
One investor wrote in to say he was as yet unsure if he has been allotted the shares. Neither has he received the refund money.
Karvy Computershare, registrar to the mega issue, had a different reason every time the investor called in to know the status. Initially he was told he was allotted the shares and it would take a few days to get transferred to his account. Failing which, he was told his application was “suspect and put on hold.” He received a further shock when a call center executive told him his cheque had bounced
Once the basis of allotment is decided, which was February 1 in the case of R Power, the shares in an IPO need to be credited to the applicants within two working days.
Another applicant was told that his refund money was sent as a cheque via registered post on Feb 9. However, the local post-office personnel said they had received no such letter.
On being contacted, a Karvy official said that around 2 per cent of the total applications or 1,00,000 applications were on hold for various reasons.
According to SEBI officials, in the past one week they had received over 1,800 complaints and had flagged off the company on them. In reply, company officials said all the grievances would be resolved in next 10-15 days. The company is expected to come out with a report on the status of allotment and refund next week.
Source: ET
Sir,
regarding relaince power IPO.
MY application no. 11095015(online through ICICIDIRECT.COM)
I hv not recived share allotment nither refund up to till date.
plz help me for further action.
D’Gautam
Still not received a refund of the balance of Reliance Power Limited. Wrong pincode entered by the great Registrars / Postal Management Department of the great company.
- Troubled Reliance Power Investor.
16 shares of reliance power allotted are not
showing in my deemat a/c ?
Dear Sir,
I had applied for 225 shares of the Reliance Energy IPO via application no 91480033 thru ICICI.
. I have recived 17 shares. However, i am still waiting for the refund which has not been credited back into my account. Have also written to mailmanager@karvy.com, but have not received any reply from them.
Farida Aibara
scdasf
hi all
i have applied for Reliance POwer IPO I have allotted 16 shares but even today on 26th february i have not got back the balance amount refund .my application number is 57920201and my DP Client ID is 1202990005245518.also the customer care number 18003454001 is never found free as if it is a recorded message.i tried to contact customer care officer more than 15 times with no result.also i send 20 emails and i got one reply said this connection that they had send my refund on 2nd feb. but there are some mistake in address so the post is undilivered and returned but i provide correct address to karvy. then they said that redispatched on 18th feb. but still today i not found it .this is very annoying.i tried other teleohne numbers also but they too always say”busy”.there is no way to contact theses KARVY people really surprising.i am also needing the money urgently.freind plz help me i am in very trouble and i need money very urgent
my contact No. 9982257303 , 0141-2572399
My Add.
A-6 Govardhanpuri A-Block
Galta Gate Jaipur 302003
this is my first application and its very bad exprience
Sir,
regarding relaince power IPO.
MY application no. 8353126
I hv not recived share allotment nither refund up to till date.
plz help me for further action.
Sir,
regarding relaince power IPO.
MY application no. 8353126.I hv not recived share allotment nither refund up to till date.
plz help me for further action.
Dear Sir,
I had applied for 225 shares of the Reliance Power IPO via application no 52518472.
nor i recivied any share neither i able to got my money or any information from co.
still waiting for refund
Regards
Anand Kr. Sharma
Dear sir/ madam,
I have invested Rs. 96750 in reliance power and got allocation for rs. 7310. the refund order i have recieved is rs. 18565 instead of the maximum fund amount.
The details are given under :-
Name = Asha Gupta
Application no. = 56106727
Account no. 3140101422437
refund order no. = 1967440
Therefore you are requested to refund the rest amount.
Awaiting for an eary action in the same concern asap.
You can write me on email id = swadheen123@indiatimes.com
Regards,
Asha Gupta
Dear Sir/Madam,
It has been around a month since we are emailing to Karvy Computershare for getting the details on the below Reliance Power IPO application that we had submitted.
Unfortunately, we haven’t received any shares or refund back, but the money has been debited from my account long back. Inspite of writing to Karvy multiple times nothing seems to be moving. We have got all the emails stored to prove this.
We need your help in getting this case resolved. Can you please look at the below details and help us:
1. Bank Serial Number of Receiving Bank : 3027502
2. Application Number: 57416738
3. Applicant Name: Deepika Arya
4. Applied Shares: 225
5. Applied Amount: 25875/-
6. Cheque No: 754404
7. Money Debited on: 22-Jan-2007
8. Email: deepika.arya@tcs.com
9. Address: HNo-349, Sector-8, Karnal-132001 (Haryana)
10. Phone: +91-9911551936
11. DPId: IN302365
12. Client Id: 10542997
We really appreciate your sincere efforts and cooperation.
i had applied realince power ipobut till date i donot recived refund.
my cousin brother and i both had applied sepretly he got share in his account. you send two cheque of refund in his name.one refund cheque is passed and another one is Bounsed(dishouner)resion stop payment of registrar.my DD no 073090.
As pre your record my DD you chashed on mr saiduddin s/o anwerddin
My Detalis.
Name Pathan majed khan nazir khan
Application no 48861820
DD no 073090
Dp id no IN300513
Dp clint id no 14841414
pan no APTPP3556N
Bank name Devlopment cridit Bank Ltd, NANDED
A/C no 02210100045340.
I request you please cheak properly and issued new cheque name on Pathan majed khan Nazir khan.
APPLICANT
Pathan majed khan nazir khan