[Resolved]  Karvy Computershare Private Limited — Invested Amount for IPO not unblocked after 5 days (No Shares Allotment)

Address:	500032
Website:	karisma.karvy.com

I did apply for Music Broadcast IPO through my State Bank of India (Bopal, Ahmedabad, Gujarat, India Branch. Branch Code 5084) on 06 March 2017. The amount invested was Rs. 14985.00. As per the process, amount is blocked till the shares are allotment process is done. And if you are not allotted any shares then your blocked amount is released.,

The share allotment was done on 15th or 16th March and I received an email from Music broadcast that i have not been allotted any shares and amount is refunded in my account. However, till the time i am writing this email, the amount is not unblocked yet. The email mentioned that if i have any refund issue then i need to send an email to Karvy Computershare Private Limited. on 17th March, i wrote an email to mbl.[protected]@karvy.com which was mentioned in original email by Music Broadcast to contact for refund issues. However, till date, there is no answer from them. I called their customer care numbers and no customer care executive came on call. The calls went busy continuously.They took request for call back but i never got call back.

I then complained them on Twitter and Facebook. They have just taken my details but no solution from them yet,

Rs 14985 has been blocked for last 5 days after shares allotment and i am not able to use that amount. And unfortunately no one is responding for the solution