There is some good news for IPO subscribers as they may no longer have to wait for weeks for a refund if they fail to get an allotment in an IPO. As banks would block the full application amount for the total value of the shares applied for in the investor's account till the shares are allotted. The proposed move would come as a relief to investors who face liquidity crunch as their investment remains locked in till companies refund the amount.
Thursday, April 10, 2008
Good News!!! for IPO Subscribers
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment