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

Reason For Company Issue Shares To The Public

Reason For Company Issue Shares To The Public Most firms are generally began privately through their promoter(s). However, the promoters capital and also the borrowings from financial institutions as well as banks may ...…

Market Capitalization

Market Capitalization The company market value is determined by multiplying its present stock value (market price) by the number of stocks in issue is known as market ...…

Company Fixed Deposits

Company Fixed Deposits Company Fixed Deposits are shortterm (6 months) to mediumterm (3 to 5 yrs) borrowing by firms at a fixed interest rate that is payable monthly, ...…

Intraday Trading

Intraday Trading This site provide intra tips  Subscribe For Indra day F&O – Shart term investment  Tips   Every trader is tempted about how Intraday trading can be carried ...…

What is Listing Agreement?

What is Listing Agreement? During the time of listing securities of a firm on a stock exchange (NSE,BSE), the firm is needed to enter into a listing deal with ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics