Hello,
Recently SEBI implemented new rule for applying any company's IPO through the selected banks so that your amount will be locked and will be paid to company when you get the allotment.
20 microns LTD was the first company which took the initiative in this direction.
I have applied for this IPO via online trading platform. and unfortunately no allotment of shares to me. That is fine.
Now as i came to know that company registrar has sent me the refund cheque (haven't received yet). Indeed it is time consuming and delayed the refund..
i think this situation of applying IPO is worst that earlier
To avoid this cheque hassle, how we can hook up our online trading platform or bank a/c which is hooked with trading account to apply the IPO in future . So that money will be credited direct into bank account instead of sending cheque
Anyone have any idea about this?
Happy and safe investing!
Buzz
Recently SEBI implemented new rule for applying any company's IPO through the selected banks so that your amount will be locked and will be paid to company when you get the allotment.
20 microns LTD was the first company which took the initiative in this direction.
I have applied for this IPO via online trading platform. and unfortunately no allotment of shares to me. That is fine.
Now as i came to know that company registrar has sent me the refund cheque (haven't received yet). Indeed it is time consuming and delayed the refund..
i think this situation of applying IPO is worst that earlier
To avoid this cheque hassle, how we can hook up our online trading platform or bank a/c which is hooked with trading account to apply the IPO in future . So that money will be credited direct into bank account instead of sending cheque
Anyone have any idea about this?
Happy and safe investing!
Buzz
