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Power Grid FPO Refund

This is a discussion on Power Grid FPO Refund within the Stock Market forums, part of the Investment category; I had applied for Power Grid FPO in November and a cheque for Rs 99450 was duly credited to "ESCROW ...

  1. #1
    Unregistered Guest

    Default Power Grid FPO Refund

    I had applied for Power Grid FPO in November and a cheque for Rs 99450 was duly credited to "ESCROW AC POWER GRID FPO R, AXIS BANK LTD." on November 16, 2010. Post closure of the allotment I was not alloted any stock and till date I have not received any refund either.

    This is a big amount for me and it is unfair for a investor to go through such agony to receive refund. I had also raised this concern through SEBI website, under complaints section, but I have not received any response from them.

    Please advise.

  2. #2
    Pramod Karnam Guest

    Default Powergrid fpo refund

    I had applied for Power Grid FPO in November and a DD (368261 OF CANARA BANK, GULBARGA.KARNATAKA)for Rs 5910 dated on 10 November 2010 was duly credited to "ESCROW AC POWER GRID FPO R". Post closure of the allotment I was not alloted any stock and till date I have not received any refund either.So plz do the needful & refund my amount as soon as possible.

  3. #3
    Unregistered Guest

    Default Refund order

    I had applied for Power Grid FPO in November and a cheque for Rs 99450 was duly credited to "ESCROW AC POWER GRID FPO R, AXIS BANK LTD." on November 16, 2010. Post closure of the allotment I was not alloted any stock and till date I have not received any refund either.

    This is a big amount for me and it is unfair for a investor to go through such agony to receive refund. I had also raised this concern through SEBI website, under complaints section, but I have not received any response from them.

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