I applied through ICICI Direct on 6th Feb and still not received the refund, however that karvy site says they have given an ecs instruction to the bank account.
I had applied through icicidirect.com, no refunds yet. who allows these cheat companies to play fraud on people. And Karvy Consultants have poor record of managig shares and refund process since ages. I myself has been victim to Karvy at least 6 times over last 15 years. How do this people roam scot free.
I also applied for 20 shares thru icicidirect.com . But no refund in my account. I am sure this company is big cheat and SEBI should take action against it....
By withholding the REFUND, now the company is trying to earn interest (to reduce their cost of IPO) on the money of the investors who unfortunately applied. Within 15 days the allotment process is complete and how they are unable to complete only the refund process. Big cheat......someone to complain to SEBI to initiate an enquiry in the interest of healthy capital market.
I applied for emaar mgf ipo for 60 shares online thu icici and refund is still awaited, obviously the refund will be thru ecs but when are they going to credit the rest of the accounts since it seems some people have already got it.