The Timeframe For Obtaining Refund When Shares Not Allotted?

The Timeframe For Obtaining Refund When Shares Not Allotted?According to Securities and Exchange Board of India guidelines, the Basis of Allotment needs to be finished with fifteen days from the IPO issue end date. As soon as the schedule of allotment is finished, within two working days the information of credit to demat accounts and allotment guidance as well as despatch of repayment order should be finished.

Therefore a trader should know in about fifteen days period through the closure of IPO issue, whether or not stocks are allocated to him

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

Cut Off Price Meaning

Cut Off Price Meaning In the Book building issue, the issuer is needed to show either the floor price or price band in the red herring prospectus. The actual ...…

Investment Definition

Investment Definition Investment means; investing money in property, equity (stock and share), bonds and business or purchasing goods for making more money. Education and health Expenditure is ...…

Money Definition

Money Definition A government issue money in the form of  currency, coins  and  paper. Money in these forms Serves As a Medium For All Financial transactions. ...…

Available Information Sources For Investment

Available Information Sources For Investment Internet Newspapers Advisory (expert analyst) Services Government publications Business Periodicals The Internet provides a lot of information about shares and other investment alternatives.  Available information can range from simple ...…

What Is Face Value Of A Share And Debenture?

What Is Face Value Of A Share And Debenture? stated value given to a security by the company. For stocks, it's the original price of the share shown on the certificates for bonds, it's ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics