NHPC
Non-Refund of amount for unalloted shares in IPO

Hello Sir,

I have applied for 1050 NHPC IPO shares and got 285 shares alloted. The remaining amount of 765 shares i.e. Rs. 27540 (Twenty Seven Thousand Five Hundred And Fourty Only) is still not credited on my bank account.

I am not able to understand why SEBI is not taking action against NHPC for not refunding the amount of unalloted shares to respective peoples.

Thanks,

Manmay