Inconsumercomplaints.com » Miscellaneous » Review / complaint: Intime Spectrum - Allotment of IPO shares | News #341950

Intime Spectrum
Allotment of IPO shares

Dear Sir,

I would like to inform you about the irrgualrities in allotment of IPO shares with Registrar as Intime Spectrum.

I had applied for 3 IPOs with ICICIdirect.com, registrar as Intime Spectrum. I did not get any allotment of shares. However, based on basis of allotment document I should have been alloted shares. I have sent repeated email reminders to Intime Spectrum, but did not get satisfactory reply. Also, I tried calling them up, phone seems to be busy all throughout.

Please see below for further details about IPO applications :-

* JYOTHY LABORATORIES LIMITED: JYOLAB

Application Number : 15504512

I had applied for 60 shares

Based on looking at Basis of Allotment document from Jyothy Labs, I should have been allotted

10 shares

* TRANSFORMERS AND RECTIFIERS (INDIA) LIMITED: TRAREC

Application NUmber : 14532100

I had applied for 210 shares.

Based on looking at Basis of Allotment document from transformers and Rectifiers, I should have been allotted 15 shares

* BGR ENERGY SYSTEMS LIMITED: BGRENE

Application Number : 91204894

I had applied for 140 shares

Based on looking at Basis of Allotment document from BGR Energy, I should have been

allotted 14 shares

Basis of allotment document for these three IPOs can be found at :-

http://content.icicidirect.com/research/iciciba.asp? icicicode=type symbol

Please look into following irregularities and rectify the problem as soon as possible.

When applying for shares through other registrars, I have not seen this issue.

Thanks

Mithlesh Gupta


Company: Intime Spectrum

Country: India

Category: Miscellaneous

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