[Resolved] Karvy — Religare IPO
I had applied for 525 shares for Religare IPO @ Rs 185 per share. After the IPO Closed my A/c was mistakenly debited Rs 96125 and then credited Rs 96125 same day. Then later my A/C was debited Rs 97125. I was not allotted any share and later my A/C was credited Rs 96125 instead of Rs 97125. And now they are giving me lame excuses rather than Refund. I have been told my Application was never considered. Now I want to sue Karvy and have 525 share allotted to me. Please help me with the same. Please find details of the mail below:
As per your mail I have not been considered for the IPO.
There are following points:
1) If amount is incorrect according to you then how can you debit this amount and why can this amount be kept with the IPO A/C.
2) My A/C statement is attached and it shows that you debited Rs 96125 and reversed the amount. Then my A/C was debited for Rs 97125.
3) Now I have got refund of Rs 96125 which is Rs 1000 short.
Now please allocate me 525 shares as per the application. Due to error at your end, I have to run to my bank, get statement, scan & send the same to you. This is surely an error at your side and now I demand 525 shares to be allocated against this application.
This is carelessness at your end. Now I think I need to escalate to SEBI.
Also, ask some Senior Executive to speak to me on this issue ASAP.
Please find attached the copy of my bank Statement.
Kanwarpdip Singh Chadha
> From: einward.[protected]@karvy.com
> To: [protected]@hotmail.com
> Subject: Reply to your mail
> Date: Mon, 3 Dec 2007 11:40:27 +0530
> Dear Investor,
> Unit : RELIGARE ENTERPRISES LIMITED
> Application No: 31200773
> Name : MR KANWARDIP SINGH CHADHA
> We find that the bank schedule submitted by ICICI Bank New Delhi, the amount of teh application money was Rs 96125 vide your cheque 369231 listed under Bank Serial number 1120135 and a copy of the same is attached which is self explanatory. Hence we request you to kindly reconcile the amount at your end and confirm.
> Customer Care
> Karvy Computershare Pvt Ltd
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Mar 20, 2017Complaint marked as Resolved
Feb 17, 2017Karvy Customer Care's response Dear Investor,
This is an old issue which had been addressed. In case you still have an issue that is not been addressed, please send a mail to sudha.[protected]@karvy.com so that we can resolve your issue to your satisfaction.