I had the same issue , i did googled about the same , and looks like most of the registrars are sending the ECS returns to approx 15 Major cities . For others they do by Cheques. Even if your MICR code is updated it doesnt gaurantee ECS if your account is in smaller city. I had one in Mysore. Now i hv opened a new one in CHennai to avail ECS facility.
I used to get refund by cheques, even though I had an ICICIDirect demat acct. I was told that ICICI branch where I had my account was not an MICR branch and that ECS will be done only if your account is with an MICR branch.
What I did was to open an acct with the Mumbai Nariman Point Branch of ICICI Bank to link my demat accounts. After that all my refunds and dividents are being paid thru ECS.
So, Bhuvan, your branch can tell you about the nearest MICR branch in your State. (I decided on Mumbai, as most refunds & dividends come from Mumbai branches of various banks).
source :moneycontrol This is an opportunity issue as the market is doing well. If one feels that the market remains good for next 2-3 months, then one can apply for the issue for listing gains and not for holding purpose. But if the market gets setback of 1000-2000 points in near term then the stock may not list above issue price or not even at par.
IPO is good but registrar does not have a good track record. The problem is with the refund of the money after investing. Please be careful.. Intime Spectrum is always out of time! Check on the net for complaints in Shobha developers and Kolte Patil developers..
why most of u r discouraging.???this is definately gd issue avail. @ low pe with gd expansion plans.will any one tell me its gray mkt premium??????????
go to your nearest icici bank branch and ask for dp section. If it has one, then tell them to update your online details with them , i.e ask them to include/update your icici account branch's MICR Code. Thats all..
The management is very conservatives being Jains. They cannot give any profit/Return to anybody. There would be nobody to support the share price in short term. On Listing, it would come down to 100/- on selling pressure. Franklin had also vbalued the share @ 100/-
Precision Pipes issue is not advisable to apply. The Co had gone for Pref Allotment to Franklin Templeton. However, after conducting Due Diligence, they rejected the offer being overpriced. They had offered to pay Rate of Rs 100/- per Shares. This is a pure LALA Co and they cannot let earn the nvestors even a single Rupee. Donot invest your hardearned money by trapping in the false created