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[Resolved]  Karvy — RELIANCE POWER IPO REFUND

1. I HAD APPLIED FOR 225 SHARES OF RELIANCE POWER IPO ONLINE (APPLICATION NO[protected] THROUGH KOTAKSECURITIES.COM. I WAS ALLOTED 17 SHARES .I WAS SUPPOSED TO GET RS 18565.00 AS REFUND ON 08 FEBRUARY 2008. TILL DATE I HAVENT GOT THE MONEY BACK.

2. ON CONTACTING THE KARVY ON PHONE I WAS NOT ENTERTAINED AND I WAS TOLD TO LODGE THE COMPLAINT THROUGH EMAIL. THE CORRESPONDENCE BETWEEN SELF AND KARVY TOOK PLACE AS UNDER:

(A) MY MAIL(DATED 29 APR 08) : THE REFUND HAS NOT BEEN RECEIVED.
(B) REPLY FROM KARVY(DT 30 APR 08): THE REFUND HAS BEEN SENT TO YOUR BANK AND CREDITED IN YOUR A/C THROUGH ECS ON 08FEB 08
(C) MY MAIL(01 MAY 08): I HAVE CONTACTED MY BANK, THE AMOUNT HAS NOT BEEN CREDITED YET)
(D) REPLY FROM KARVY(05 MAY 08): THE ECS CREDIT HAS BEEN REJECTED AND AMOUNT IN PHYSICAL REFUND HAS BEEN DESPATCHED IN 2ND WEEK OF FEBRUARY 08 . YOU WILL RECEIVE THE SAME SHORTLY.
(E) MY MAIL( 05 MAY 08): THE REFUND SENT IN FEB 08 HAS NOT BEEN RECEIVED EVEN AFTER 3 MONTHS .PLZ CHECK THE SAME AGAIN.
(F) REPLY FROM KARVY(06 MAY 08) :THE AMOUNT HAS BEEN CREDITED IN YOUR A/C ON 09 FEB 08 THRU ECS, CONTACT YOUR BANK.
(G) MY MAIL (06 MAY 08): THE AMOUNT HAS NOT BEEN CREDITED IN MY A/C .
(H) NO REPLY RECEIVED FROM KARVY TILL NOW.
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Aug 29, 2017
Complaint marked as Resolved 
Verified Support
Jul 26, 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 an email to kcpl.[protected]@karvy.com so that we can resolve your issue to your satisfaction.

Regards,
Team Karvy
Complaint comments  16 CommentsShareTweet

Comments

Hello, I have applied for Reliance Power IPO through ICICIDIrect and my application no is 11012732.

I am still waiting for my refund. I have sent multiple mails to Karvy but I haven't really heard back from them or no refund has been credited to my bank account.I would request you to help me in this regards. Pratik Desai
I TO HAVE NOT GOT REFUND. i HAVE THE XEROX OF MY APPLICATION IN WHICH 20/20 PEOPLE HAVE CORRECTLY INDENTIFY DPID AND CLIENT BUT SOMEONE AT KARVY PUTS OUT "INVALID DP/CLIENT ID" SHAMEFUL PLAYING WITH MONEY
[protected]@sify.com
not refand for my ammount 9000 hundered rupees and not allotment share
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MY Demat A/c no. is IN[protected][protected] of ICICI direct. I have been alloted 17 shares of Reliance power IPO vide application no. 11269763 and transaction ID 4928946 dt 17.01.08. I have applied on line in my above said account. An amount of Rs. 96750 was deposited for 225 shares @ rs. 230. Till date I have not received refund of the balnce amount either in my demat a/c or through any cheque. Kindly look into the materr and resolve.
Ramesh Kumar
Demat A/c No. IN[protected][protected] of ICICI direct
MY Demat A/c no. is IN[protected][protected] of ICICI direct. I have been alloted 17 shares @ Rs.430 per shares of Reliance power IPO vide application no. 11269763 and transaction ID 4928946 dt 17.01.08. I have applied on line in my above said account. An amount of Rs. 96750 was deposited for 225 shares @ rs. 430. Till date I have not received refund of the balance amount either in my demat a/c or through any cheque. Kindly look into the materr and resolve.
Ramesh Kumar
Demat A/c No. IN[protected][protected] of ICICI direct
Have not received the refund of Rs.64500.00 for Reliance Power IPO detailed as under:Application No. 11159705

Dpid IN303028 (ICICI Bank)
Clientid 50661972
Shares Applied 165
Shares Alloted 15
Refund Amount 64,500.00
Name SHILPA JHAWAR
Address
11 ANAND LANE
NEAR CHITTERANJAN MISKTAN
KOLKATA
700004
Pl. let me know what should I do?

Further, why the credit was not given through my Demat A/c at ICICI Bank

Shilpa Jhawar
no refund of 18k till 2day applied thru icicidirect checked status online on karvy site it shows that post despatched but still not recieved what 2 do now how 2 contact karvy can anyone help
mayank
hi

This is height of bad service, I have also suffering with same problem.
hi
i have apply for the IPO of R Power. I received Refund of remaning amont but in the refund chq the Ac no & bank name was wrongly mention.The correct detail of my bank & A/C are given below Name vipul Khandelwal
Application no. 56219231
Dp ID 12036600
Client id 00011521
Bank name: The Bank Of Rajasthan Ltd
Ac no[protected]
Address: Hamirpur Bhawan Hindu Para, Near subji mandi Alwar(301001)
Hi,

My father firmly believes that you guys can help me out. I had applied for Reliance Power IPO in January 2008. I wasn't allotted any shares and hence was supposed to get a refund of my money from Karvy. It's June 2009 now and I am still awaiting the refund for my money from Karvy. I have emailed them on a lot of occasions and always get the same reply that it's under process and I would get the refund soon. Refer to the chain of emails exchanged below.

I am really tired of following it up with Karvy and am not able to see light at the end of the tunnel. I would really appreciate if you may help in this regard.

Here are the details.
Name of the applicant as mentioned in the application form: Amit Choudhary

Application Number: 11087972

Number of shares applied. 105 (Applied for 105 Units at Rs. 450 totalled to Rs. 47250 through ICICI Direct.)

IPO Applied for: RELIANCE POWER LIMITED

Cheque/demand draft no. and date. Direct Debit from ICICI Bank A/C No.[protected]It was through ICICI Direct Internet Broking Site) Transaction id: 4704416 Transaction Date: 15/01/2008

Name and branch of the bank where the application was deposited. (It was through ICICI Direct Internet Broking)

DP ID & Client ID: DP ID = IN303028 Client Id = 53788580


Thanks,
Amit Choudhary
Dear Sir/Mam,

I have apply for the IPO of Rel Power & got only16shares & balance refund cheque not received i was given cheque from ABN Amro Bank Cheque No.is 146283 for Rs.25875/-.& i have not not received balance refund in this bank a/c & thereafter i closed this bank a/c.

So the correct detail of my bank & A/C are given below:

Name Arun Lodha
Application no.[protected]
Dp ID[protected]In Religare Securities)
Bank name: Kotak Mahindra Bank Ltd.
Ac no [protected]

Address: V-15, Romm No.402, Vinay Nagar,
Mira Bhayander Road, Thane-401 107

Kindly do the needful.
Thanks.


Arun Lodha
[protected]
Dear Sir/Madam

My name is Shubhnarain Rai and I have a demat A/c with reliance money No.[protected], Client ID no is SHRA00E6.
My complaint is, I have 40 share of Reliance Petrolem Ltd in my demat a/c before its merger with RIL, Post merger I alloted 2 shares of RIL in my demat for 32 RPL shares, then what was happened to balance 8 shares of RPL, the values of these 8 shares in not credited to my A/c till date.

Pls look into this matter and help me to get the credit of these 8 share of RPL.

Best Regards,
Shubhnarain Rai
Mobile - [protected]
INSTEAD OF MY REPEATED REMINDER YOU ARE NOT STOPPING TO SEND ME THE SMS REGARDING TIPS ON BUYING STOCKS
Karvy is the worst managed company. Particularly the one in Hyderabad. If you send letters they usually don't receive! By chance if they get it they process it in snail phase. You can't get them on phone unless you are ready to try several times and several minutes on hold. Customer complaints are ignored.

CAMS in Chennai is thousand times better. Excellent service. Don't buy mutual funds serviced by Karvy.

Raj
1. i applied for mutual fund of Rs. 20000 through D-Mat & the filled up form was personally handed over to sh. Vivek Willium, employee of Karvy Bilaspur Office in the 1st week of December'2010 with the promise that receipt will be available to me within a week. It is regretted to point out till today (28.01.11), this has not been available, despite reminder to him about dozen times. no credit has also been shown in the LATEST STATEMENT. Action taken against Sh. Willium be communicated at my email [protected]@gmail.com

2. i also opened account for on line trading but mr willium is not coming to me for teaching me for on line trading, despite his promise at the opening of account. feed back be given at [protected]@gmail.com

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