Applications as detailed below were made for allotment of equities out of the company ipo opened on 6th nov.17. Despite only 91% subscription in the retail investor category, no share were allotted by the company.
Ref. Number of applications: (1) 002e[protected]
[protected]
Numbers of equities applied: (1) 350
(2) 350
Shares allotted : (1) nil
(2) nil
The company diverted the equities to other category applicants despite the quota allotted under retail category, which is unlawful and breach of contract.
Kindly take up and resolve for us.
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