I too didnt receive the refund, I am not in india now. I sent so many mails but nobody replied, this is disgusting. KARVI should be fined for blocking the money.
I got 50 shares alloted of Gravita. I sold them at 228 making happy profit of Rs 5100 coz i was unexpected about the allotment. It was all about lottery system. I just got my remaining refund today in my SBI Bank a/c.
The Gravita India IPO closed on 3rd Nov. 2010. I had applied by depositing Rs.1.00 lakh, being the amount to be paid for the full application (since my bank, Canara Bank, does not offer ASBA facility). I have been allotted 50 shares, on the 13th Nov.
Till now, even 14 days after the IPO closed and 4 days after the allotment was over, I have not received the refund for the 750 shares not allotted. This is in stark contrast to the efficiency with the the Coal India IPO including allotment and refund was handled.
I would like to know how many other Retail category applicants have experienced similar delays.
I meant engineers india before split, bonus and FPO. Not now. Its very well sticking to the range now and is not moving at all. I completely agree with you.
You are really doing good job in this board. You are one of the boarders who has great knowledge in primary market with positive attitude. (not arogant,egoistic etc). Please continue to do that.
Also you express your views/opinions honestly most of the times which portrays you how good a person you rather than fighting/conflicting with some boarders for simple reasons.
Do remain the same and help the other boarders as usual !!!!!!!
Mee sahakaram maku chala kavali, dayachesi badulivvandi, my family asked me to sell at 355, now they are scrolling me for not selling this at that price and now it is trading at 320 around.
I am loosing patience on Engineers India, came to a conclusion to sell if it crosses 360, it is crossing 360 coming to 345, repeating this steps, it is not moving forward, waste of blocking money.
I also noticed the strength of coal india. I still hold my 199 shares. May be I will add another 51 when the price falls to 300. It will be another engineers india in the near future and will definitely reach 1000 in 2-3 years.
Today I have completely exited gravita @241. I am little bit hesitant to buy back at 3.30 PM because the price was still flutuating a lot. May be I will think about fresh trading on Thursday with less quantity depending on the market conditions on the opening.
Today morning I tried to purchase, but after seeing opening itself 93+ stopped of taking risk. Nothing done today. Have you seen today, even though market shed by 440 points, Coal India stands strong.
Shinyl, 2 reasons: 1)it had a fantastic listing & in last fifteen minutes it stabilised 205-210 range. 2)Issues which have good listing tend to carry over the momentum to next day.