Inconsumercomplaints.com » Business & Finance » Review / complaint: COAL INDIA LIMITED -IPO - NON ALLOTMENT OF SHARES IN ELIGIBLE EMPLOYEES QUOTA | News #175486

COAL INDIA LIMITED -IPO
NON ALLOTMENT OF SHARES IN ELIGIBLE EMPLOYEES QUOTA

Bid cum application- No 6- 5489912 for 400 shares under eligible employees quota for Coal India Limited employees.

1) My application for 400 shares under eligible employees quota was submitted to Kotak (code 286388) on 19-10 along with a SBI MULTI CITY CHEQUENo- 103813 for Rs 98, 000 . But the same was subnmitted to AXIS BANK LIMITED Sigra Varanasi for CLEARING on 26-10 (While the IPO closing date was 21-10).

2) This cheque was returned to Axis Bank Ltd by Stae Bank Of India (CCPC- 10575) with comments - NOT ARRANGED FOR -on date 25-10.

3) Finally AXIS BANK LTD SIGRA returned the bid documents/ cheque etc vide SP- EE 69524479-2 IN

4) I fail to understand why I was not allotted shares THTAT TOO -UNDER ELIGIBLE EMPLOYEES QUOTA. Kindly investigate my complaint and punish the broker responsible for this and ALLOTT ME THE SHARES TO THE EXTENT I HAD APPLIED FOR.I will arrange the funds as advised again.

V.V.S.Jagannadha Rao

e mail - [email protected]

Phone- 07805-268460 (RESIDENCE)


Company: COAL INDIA LIMITED -IPO

Country: India   State: West Bengal

Category: Business & Finance

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