[Resolved]  Karvy Computershare / R Power Ipo — No allotment of shares

Sir,
I applied for RPower public issue for 45 shares at price 450/- per share with application no. 04791092 alongwith cheque no. 130184 of The SUTEX Co-op Bank ltd, Gopipura, Surat amounting 20250/-.

There was refund amount of 15075/- paid by Karvy ComputerShare. That was deposited by me on 20th March, 2008 in my bank account.

There aren't any shares alloted to my demat A/c No 10811557 of India Infoline (DP Id IN302269).

Now on 12th May, 2008 I received letter from Karvy Computershare for payment of Rs. 1275/- and 12% interest from date 26th Feb 2008 till today 24th may 2008 with allotment of 15 RPower partly paid up shares. The letter was dated 28/03/2008.

How can I pay interest when I applied for fully paid shares and alloted partly paid shares? Also they are saying that there won't be any allocation in my demat till I pay payable amount of 1275/- + 12% interest.

Please help me to solve this problem as there no responce now from Karvy ComputerShare.

Thanking you.