Click to play videoNew Delhi: Reliance Power’s mega IPO seems to be incurring the ire of some investors.
A section of retail investors have not received any allotment. Neither have they been given any refund.
This is the case for those who applied for 225 shares – the maximum band for the Rs 1 lakh investment. Some investors have not received their due allotment of 15-17 shares although by and large, the ratio of application allotment so far is 1:1.
These investors have not received any communication till date, either.
The small retail investor can approach the Registrar with his plea or can even approach the bank with his plea.
“If it is found to be legitimate, he has higher chances of receiving shares and if nothing works he can appeal to SEBI,” says research analyst Haresh Soneji.
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