Indiabulls power ltd
Non credit of shares before listing

Dear Sir/Madam,

Sub. : Non Credit of 2100 Eq. Shares in D.P. Account of Indiabulls Power Ltd.

With reference to above I have applied for 2100 shares of IB Power ltd. vide application no. 43423492 and have been allotted 2100 shares on 25/10. Due to bidding mistake CDSL D.P. Account Number has been taken wrong. As soon as I come to know the mistake immediately I send a scanned copy of client master Id of my D.P. Id by E-mail to Karvy Computer Share (Registrar) on 26th October and acknowledged receipt by executive of Karvy Computer Share when I called them and I have been assured credit of Shares within 2 days in my account. But after several calls shares have not been credited upto 31st October when I called on 31st October 09 morning 11.00 A.M. I have been assured credit of shares within 2 hours/before 3.30p.m. but no credit has been done upto 5th November. On first day of listing price in NSE was 45.5 per share but In absence of delivery I could not sale shares on first day of listing. Karvy computer share intentionally delayed 9 days due to that I had to sale shares @Rs. 30 per share. Due to mistake by Karvy computer share I had to suffer loss of Rs. 15.5 per share on 2100 shares (Total Loss 2100*15.5=Rs. 32550. You are requested to look into the matter and take strict action against Indiabulls Power Ltd. And Karvy Computer Share (P) Ltd. for their intentional mistake of Non-credit of Shares in My account on or before listing and ask to pay my loss Rs. 32550. I will be glad to provide more informations in this regard if required by you.

Regards,

Bajarang Lal Agarwal

Company: Indiabulls power ltd
Country: India

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