[Resolved]  Karvy — Reliance Power Ipo refund issue

Hi,
I had apply for Reliance Power Ipo. After the allotment were disclosed I checked status of my application and found that I was not alloted any share. Later on I did not get money refunded and last week i.e. on 19/02/2008 17 shares were credited to my dp account. This happened after around 10 days of listing of the shares.
I had applied for 225 shares and paid partial payment for it. Till date i have still not got my remaining money back. I have mailed regarding this to Karvy several times but have not got any response except to my first mail that they will look into the issue.
I think all people who are suffering should unite and take action against Karvy. I think all of the suffering people are retail investors and the money withheld is a very big and important to them. Karvy should not be fooling people with such kind of tricks. this will only spoil thire name and credibility.

Regards,
Vaibhav Fouzdar
Was this information helpful?
No (0)
Yes (0)
Mar 23, 2017
Complaint marked as Resolved 
Verified Support
Feb 20, 2017
Karvy 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.

Regards,
Team Karvy
Complaint comments 

Comments

Sir,
I received 17 shares of reliance power,
but the refund of the balance ammount is not
received yet.my aplication number is 5 8460377.
what I can do to receive the refund of balance?
Hoping for an early response.
Hi,
I had apply for Reliance Power Ipo.my aplication number is 4 7711948.
After the allotment were disclosed I checked status of my application and found that I was alloted 15 share. Later on I did not get money refunded .I had applied for 135 shares and paid partial payment for it. Till date i have still not got my remaining money back. I complained in karvy office at jaipur brance.
but have not got any response .

Regards,

My address
Mobile No.[protected]
Mahaveer Kumar sain
Sh.Ramesh Ji
38-A,gali no.-2,
ward no.-16,
22-Godam,Jaipur
Hi,
I applied for 225 shares of Reliance Power under NRI category through Goejit, Andheri, Mumbai Application No.[protected], DP No. [protected] and paid Rs 96,750 through foreign DD No. 140141 of 15 Jan'08 drawn on SBI, International Service Branch, Mumbai. Bank confirmed draft was paid on 24 Jan'08. I neither get any shares nor any refund despite chasing Karvy and Geojit for 2 months and Karvy is asking me to provide Bank Sl. No. under which my application was listed in the bank schedule. I wonder how much time Karvy needs for refund of individual's funds lying in Escrow Account and why they are pushing their inefficiency to Investors.
Regards,

My E-mail ID: [protected]@hotmail.com
I have send 12 reminders to karvy as on date for the Reliance IPO refund for Rs 89870.
on 11th April Karvy send a mail informing that they have send a duplicate refund order. But as of today i have not received the details of the courier or refund order send to me. I have send number of reminders to send me the courier details, but no reply.


REMINDER 12

Dear Sir,

Reference to my mail dated 23rd April 2008. I have not yet received the refund order for Rs 89870 against my application number. why you are not responding and give me the details of refund. As of today the amount also has not credited into my bank account. How long I have to wait to get my refund for rs 89870 against my application number .
Appln.No 91881031
Name MALATHI SUBBARAYUDU



regards

Malathi subbarayudu
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 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:


2. Application Form Number: 84899203
3. Applicant Name: Maqbool Ahmad Ansari
4. Applied Shares: 225
5. Applied Amount: 25875/-
6. Cheque No: 723621
7. Money Debited on: 17-Jan-2008
8. Email: [protected]@yahoo.com
9. Address: DSM Sugar Asmoli, P O-Asmoli, Distt-Moradabad-244304 (U.P)
10. Phone: +91-[protected]
12. Client Id: 21599188

We really appreciate your sincere efforts and cooperation.
This is respect to the form no[protected] for the IPO of R power submited by me to broker for onward submission to the bankers to the issue i had signed the form and givan DD no110663 of jalgaon janta bank ltd jalgaon for Rs.25875 the form was fillednby the sub broker @ jalgaon but to heavy rush by missable insted of filling in my details the form was filled with datail of other client of the sub broker as the first name of other client Ravindra govind narkhade on enquiry with the bank SCB Standard Charted Bank me were informed that the refund order was issued on the namr ravindra govind khadke we are submitting letter from drame Bank m/8 JJS Bank Ltd rting that the DD was made my thro my saving account with them & by issue a cheque no 236616 dt 15/1 for Rs 25889.
we request you to kindily resolve the issue as a refund order for the amount of Rs 25875 as there was no allotment made to us.

Reliance Power IPO — No Refund since 17 months

Hello Team,

I had applied for this IPO paying Rs 25875/- from which 17 shares were alloted and the rest were to be refund. The cheque was in name of my husband and I had returned the cheque with the client master id to get it in my name,
Till date its not done, I have sent several mails and then again I was told to send the client master id copy, which I did sent but there is no response from the team. They are responding to my mails but with an autoresponse message
Application No.: 86799237

Name :KHASTI HITENDRA MALPEKAR



We have noted the contents of your mail and we shall revert to you on this matter with in shortly.

Kindly bear with us still such time.

Please tell me whom to contact and who can help me here.

Awaiting .
Mrs Khasti Hitendra Malpekar.

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Karvy
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    74%
    Complaints
    1669
    Pending
    0
    Resolved
    1230
    Karvy Phone
    +91 40 2331 2454
    Karvy Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No. 1 Banjara Hills, Hyderabad, Andhra Pradesh, India - 500034
    View all Karvy contact information