4 members of my family had applied for the Reliance Power IPO on 17th January.through Indiaifoline's website (online IPO application). I am extremely shocked to note that w.r.t the applications of myself, my father, my spouse and my brother for IPO of Reliance Power, I have been informed today (post a fortnight) that the applications could not be submitted to registrar by INDIAINFOLINE due to a minor "technical" problem.
Indiainfoline also hasnt informed me about this issue (I came to know post my call today) and has neither processed the refund yet.
Indiainfoline has exhibited highest possible level of unprofessionalim & unethical standards.
I have written to them to refund the entire amount (Rs 96, 750 X 4 applications) by today alongwith the compensation of INR 1, 000 (against the interest cost) per application & would request you to assist me in expediting the refund process.
Regds,
RV
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