[Resolved]  Karvy — amount still blocked despite ipo not being allotted

Address:

Mumbai City, Maharashtra, 400708

I had applied for reliance nippon amc ipo with application number 825570. On 5th november, i was informed by karvy that i have not been allotted the shares and that the blocked amount (Inr 14868) will be refunded. However, till date, this has not happened and the status is still showing that amount as blocked.

Karvy said that they are following up with axis bank but status has not changed. Hence i need this resolved on priority. It has already been pending from more than a month.