[Resolved]  Karvy — short of refund

I had applied for 225 shares for Reliance Power IPO @ Rs 430 per share. After the IPO Closed my A/c was debited Rs 96750.I was alliied 16 no. of shares.After deducting 6880/- my A/C was credited Rs 18995/- instead of Rs 89870/-. And now they are giving me lame excuses rather than Refund. Now I want to sue Karvy give me my remaing money. Please help me with the same. Please find details of the mail below:

After remainding so many times to them giving same reply without going through my problem.
i accept that you allotted 16 shares and crdited 18995/ in my a/c but my original amount is 89870/- .you told me that i got 16 shares and my a/c is credited with 18995 rupees/ this true but where is my remaining money 70875/-,
I ALSO ATTACHED SCANNED COPY AND FOR YOUR CONVIENCE I CONVERTED THAT IN PHOTO FORMAT PLZ LOOK BELOW:
click on Statment.jpg(192kb) file


Dear Sir

As per your mail
There are following points:

1)you allotted 16 shares amount:16x430=6880/- and credited my a/c with 18995/- my statement clearly reflected that but where is my remaining money which is 70875/-

2) My A/C statement is attached and it shows that you debited Rs 96750/-

3) Now I have got refund of Rs 18995/- which is Rs 70875/- short.

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 refund my remaining money.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.

My details:

1. Name of the applicant as mentioned in the application form. :RAKESH TOMAR

2. Number of shares applied. :225

3. Chequedemand draft no. and date:548537(BANK MICR NO.[protected] DATED 17-01-08 HDFC BANK OLD RAJENDER NAGAR NEW DELHI

4. Name and branch of the bank where the application was deposited.:ICICI SECURITIES VIKAS PURI NEW DELHI-18

5. Bank serial no. under which your application has been listed by the bankers in the bank schedule. :20/1061-3

6. DPId and Client Id: DPID:12029900 CLIENT ID:01627061

Name : Rakesh Tomar
App.no. :[protected]attached scanned copy)
Demate acc.no.[protected]
from :IndiaBulls

IPO Allotment Status

Company Name RELIANCE POWER LIMITED
Application No. 16044383
Refund order No. 4730361
Dpid 029900
Client ID [protected]
Shares Applied 225
Shares Allotted 16
Refund Amount 18,995.00
Name RAKESH TOMAR
Address H NO 218 GALI NO 4
BHOOTAN WALI GALI
NANGLOI
DELHI
110041

LOOK WAT THEY SAY:

Refund Amount has been credited to your account through Direct Credit(DC) as per the mandate recorded. The bank details to which the Refund amount is credited is as mentioned below:
Name of the bank HDFC BANK LIMITED - RAJENDER NAGAR, NEW DELHI
Account No.[protected]
Branch RAJENDER NAGAR



| Back | Close Window |
Powered by Karvy Technology Division








Regards

Rakesh Tomar
+91-[protected]