[Resolved] Reliance Power — Refund of Reliance Power IPO
B
BIJAY KUMAR SHARMA
from Gurgaon, Haryana
Mar 5, 2008
Dear sir,
I have applied for Reliance Power IPO for 225 Nos @Rs 115..0/share. I have been alloted 16 Nos share in retail categories.Balance of Rs-18995.0 is not refunded to me till date.I am giving my detail below,
Application No[protected]
DP ID - IN 303028
Transaction ID - 4807197
DP Account - 52609256
I applied online through Kotak Securities for 225 shares of Reliance Power IPO and got the allotment of 17 shares. My Application No is 11704038.
I'm yet to receive the refund from Karvy.
According to Karvy, they sent the refund order through registry post on 2nd Feb, 2008 to Secunderabad Address which was registered at that time with my Demat profile.
Due my nature of my job, I'm currently residing in Kolkata and updated the address in my DP profile on 10th feb, 2008.
As discussed with Karvy employee, the refund order got returned back to Karvy house in Secunderabad on 15th Feb. I requested my local Karvy office to bring the refund order in Kolkata and deliver me. But the same refund order was redispatched to my Secunderabad Address on 28th Feb without noticing that there is a change in DP profile address.
I'm following up with Karvy people in Kolkata for last two months but still I'm hopefull that they will not consume small investor's money like me. Even this is too much frustrating that they don't even bother to respond over email/phone so you need to call multiple times.
I think they should have made ECS payment to my Bank Account registered with my DP since I applied online. If they are sending the refund order through registry post these type of problem are obvious.
Can somebody help me on this matter to get my refund?
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I'm yet to receive the refund from Karvy.
According to Karvy, they sent the refund order through registry post on 2nd Feb, 2008 to Secunderabad Address which was registered at that time with my Demat profile.
Due my nature of my job, I'm currently residing in Kolkata and updated the address in my DP profile on 10th feb, 2008.
As discussed with Karvy employee, the refund order got returned back to Karvy house in Secunderabad on 15th Feb. I requested my local Karvy office to bring the refund order in Kolkata and deliver me. But the same refund order was redispatched to my Secunderabad Address on 28th Feb without noticing that there is a change in DP profile address.
I'm following up with Karvy people in Kolkata for last two months but still I'm hopefull that they will not consume small investor's money like me. Even this is too much frustrating that they don't even bother to respond over email/phone so you need to call multiple times.
I think they should have made ECS payment to my Bank Account registered with my DP since I applied online. If they are sending the refund order through registry post these type of problem are obvious.
Can somebody help me on this matter to get my refund?