Respected sir/ madam
This is with reference to the application made in IPO of MOIL from my
Demat A/c no. 1204470003841452 realting to PAN - AEIPC5312D through
ASBA from my AXIS Bank A/c.
As i apart from other investors understand that as per SEBI Guidelines
any allotment under IPO is made through Book Building Process in which
Pro-rata allotment made to applicant. So it seems to me undigestable
that i have not received any share in spite of the fact that i had
applied for amounting to Rs. 1, 02, 000.
So in this connection i request you to kindly do the needful so that
integrity of market should not be distorted.
Moreover this is not a lottery market as i have observed by seeing one
of my colleague who has got 17 share in spite of applying for only Rs.
50000. I have also heard that this ahs been made on lottery basis. Is
this correct? if yes you can think of, what impact it will make on
confidence of investors in the market.
Rest is self expalnatory.
--
VIVEK CHAUDHARY
F&AO, ONGC LTD.;
WOB, PRIYADARSHINI,
SION, MUMBAI-22
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