Karvy
Reliance Power Ipo refund issue

Hi,

I had apply for Reliance Power Ipo. After the allotment were disclosed I checked status of my application and found that I was not alloted any share. Later on I did not get money refunded and last week i.e. on 19/02 17 shares were credited to my dp account. This happened after around 10 days of listing of the shares.

I had applied for 225 shares and paid partial payment for it. Till date i have still not got my remaining money back. I have mailed regarding this to Karvy several times but have not got any response except to my first mail that they will look into the issue.

I think all people who are suffering should unite and take action against Karvy. I think all of the suffering people are retail investors and the money withheld is a very big and important to them. Karvy should not be fooling people with such kind of tricks. this will only spoil thire name and credibility.

Regards,

Vaibhav Fouzda