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[Resolved]  SVPCL IPO and Aarthi Consultants — Withdrawal applied for but no money yet

Dear Sir / Madam,
I applied for the SVPCL IPO and then for the withdrawal, as per the withdrawal notice published by the registrars and the company.
I have not got any money back till date, even though the withdrawal application was submitted by 15th December.
I keep calling the registrars to know when the money will be received, and they keep saying that it will show in the next 2 - 3 days. I call after the 2-3 days are over, to hear the same thing again. Please help is getting the withdrawals processed from Aarthi Consultants (registrars of the issue) so that we can get our money back.
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Aug 13, 2020
Complaint marked as Resolved 
Complaint comments  25 CommentsShareTweet

Comments

sir plz take some serious action against SVPCL ltd.
i have applied for SVPCL Ipo but 4 months Past there is nor Refund neither The Allotment of shares ??

I want The Refund ammount Back Immediately>!!!
Dear Sir,
Application no:1496089
The company and its registrar replies every time to the investor you will get refund in two days from quit a long time
Complaint Made to SEBI/ Ministry Of Corporate affirs but No reply or action
3 and half month over from the Issue date
request for refund of application money with interest made to the company on 8-12-07

K Kistur Chand Singhvi
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I HAVE APPLIED FORSVPCL IPO BUT 4 MONTHS PAST, THERE IS NO RESPONSE FROM THE COMPANY.WHEN I AM MAKING ANY PHONE CALL TO COMPANY THEY SAYS THAT IT WILL LIST VERY SHORTLY.IF THEY ARE DOING NOTHING THEY SHOULD RETURN THE PUBLIC MONEY.

Aarthi Consultant — SVPCL IPO - Not replying

I have applied for SVPCL issue for one lot. my Applicaiton no is
8020362 IPO closed on 26/10/2007 but till date no allotemement has been made in my account nor money has been refurnded

Many time i have sent mails to aarthi consultant but they are not giving satisfactory reply.

Contact number provided by them are not working.
Please do needful in this matter.
this is blasphemy... have applied for svpcl... my hard earned money is stuck with such irresponsible people- be the company or the registrars, i will disgusted. what are the govt doing.... sleeping over this?.....
Dear Sir,

I have applied for one lot of SVPCL shares and then i had orwarded mail to SVPCL to with draw my application but till date i have not received Refund from Aarathi Consultatns.
I am trying to contact them but nos are continues busy.

So please help us.

Regards
Shivaji Dhumal
Pune
I HAVE APPLIED FOR SVPCL IPO BUT 4 MONTHS PAST, my app. no 1572142 and appllied 750 share . vide chq no 368982 bor dt[protected] . THERE IS NO RESPONSE FROM THE COMPANY.WHEN I AM MAKING ANY PHONE CALL TO COMPANY THEY SAYS THAT IT WILL LIST VERY SHORTLY.IF THEY ARE DOING NOTHING THEY SHOULD RETURN THE PUBLIC MONEY.

SVPCL IPO and Aarthi Consultants — SVPCL IPO money not refunded even after 4 months

I have not got my SVPCL IPO money back till date, If I call the registrar, no proper response. I have wasted lots of money calling the Registrar (Arthi consultants) on STD. My money should be returned with 15% interest and +20% of the amount which i wasted on STD calls and my time.

Thx

sunil
In India -even rules are made not to follow: same with the IPO of SVPCL and AARTH CONSULTANTS.
Is anyone thinking of writting a legal draft against aarthi & SVPCL and submitting a requisition to help people like us to SEBI
I HAVE APPLIED FOR SVPCL IPO BUT 4 MONTHS PAST, THERE IS NO RESPONSE FROM THE COMPANY.WHEN I AM MAKING ANY PHONE CALL TO COMPANY THEY SAYS THAT IT WILL LIST VERY SHORTLY.IF THEY ARE DOING NOTHING THEY SHOULD RETURN THE PUBLIC MONEY.
Dear Sir,

I have applied for one lot of SVPCL shares and then i had orwarded mail to SVPCL to with draw my application but till date i have not received Refund from Aarathi Consultatns.
I am trying to contact them but nos are continues busy.

So please help us.

Regards
pawan bhadani
biakner
Hi,
I applied for ipo of SVPCL Ltd till date no refund no allotment of shares and money is used by someone ??? what is goinG ON, IS government sleeping
Hi,

Just now I talked to Aarthi Consultant and they replied back SVPCL has alreday lost the case from High Court and now they have gone to suprem court. Next month we should expect our money back.

Rgds
Rajnish
svpcl cheating with public, yet no response .what can we do
Hello,
This is second week of July .I have not received any information from you.
Tell me what to do?
either I will go to Sebi, consumer court or court against 420 fr cheating.
Now I know that you will not return my hard ea rend money easily.
I coming to Hyderabad.
I will sit outside your office with my only undergarment's.
You have put me in that situation after getting retirement.
you have to pay me the money with all interest and mantel harassment's and expenditure.
send me reply as soon as possible or call me.
I have got three
other investor also with me.

Send me the date and case no.

Thanks
D.K.Chopra
New Delhi
Mob No --- [protected]


On Wed, Jul 16, 2008 at 9:47 PM, <[protected]@aarthiconsultants.com> wrote:
- Hide quoted text -

Dear Sir / Madam,

With reference to your query on the IPO of SVPCL Limited (issuer company),
we would like to inform as under:

1) M/s SVPCL Ltd (the issuer company) has filed an Appeal at Securities
Appellate Tribunal (SAT), Mumbai on 10/03/2008. The appeal filed by the
issuer company was dismissed by SAT vide its order dated 09/05/08.

2) SVPCL had preferred an appeal in the Hon'ble Supreme Court against SAT
order dated 09/05/2008. M/s UTI Securities Ltd had moved an application in
the Supreme Court seeking directions from the Supreme Court regarding
refund of money to investors.

3) Upon hearing the counsel on 16/06/08, the court ordered for listing
this matter in the 2nd week of July 2008 for final disposal.

The matter is sub-judice. We will update the investors through our website
as soon as we get to know from the issuer company / lead managers.


Thanks & Regards

Aarthi Consultants Pvt Ltd
1-2-285, Domalguda,
Hyderabad-500029
Ph:[protected], 27634445
Fax:[protected]


> *HELLO*
>
> *This is the reply I got from them.*
>
> *Please help to get my refund back and give me the case No and Date so I
> will be there in the Court with other investor .*
>
> *If you want other investor details I can provide you.*
>
> *Thanks*
>
> *D.K.Chopra*
>
> *New Delhi*
>
> *Mob No --- [protected]
> *
>
> *The IPO o*f SVPCL Limited ("The Company") was closed on 26th October
> 2007.
> There was delay in allotment/refund of application money due to the
> compliance of SEBI directives inter alia requiring the company to clarify
> on
> the inadvertent disclosure made with regard to the allocation of shares to
> QIBs in the IPO.
>
> After completing all the required formalities in this regard, the Basis of
> Allotment of shares was filed with Bombay Stock Exchange Ltd., (BSE) on
> 16.01.2008. The Company also filed the listing application on 17.01.2008
> and
> the same was rejected by BSE, vide its letter dated 21/01/2008.
>
> In view of the above, the Company moved the Hon'ble High Court of Andhra
> Pradesh, which had issued interim orders to BSE and NSE on 24.01.2008 to
> grant listing of shares of the Company. Subsequently, the Hon'ble High
> Court
> disposed off the petition on 29/02/2008 and opined that the issues raised
> there in could be properly and effectively gone into by the Appellate
> Tribunal.
>
> Accordingly, the Company had approached Securities Appellate Tribunal
> (SAT)
> Mumbai on 10/03/2008. On 23/04/2008, the arguments were completed and
> subsequently, SAT had dismissed the appeal vide its order dated
> 09/05/2008.
>
> *UPDATE AS ON 19/06/2008: *
>
> The issuer company filed an appeal in the Hon'ble Supreme Court. M/s UTI
> Securities Ltd the post-issue Lead Manager of the IPO, had moved an
> application in the Supreme Court seeking directions from the Supreme Court
> regarding refund of money to investors. The matter has been listed for
> 16th
> June 2008.
>
> Upon hearing the counsel on 16/06/2008, the court ordered for listing this
> matter in the 2nd week of July 2008 for final disposal.
>
maine svpcl ke ipo ke liye apply kiya tha na to share ka allotment hua or na hi refund mila .
maine company me phone kiya to phele na to phone pe jawab dete or nahi dang se baat karte hai
mera bid application no 3473396 jisme maine 125 share for rs. 95625 on 26/10/07 ko HDFC BANK CHEQUE NO. 645120 SE bhare the .
please hamara paisa vapas dilaye with interest aur company ko blacklist kare.
Hi All,
did any one recieved refund from SVPCL
Hi,
Did any one received refund from SVPCL? If yes please post here so we can also check with them.

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