0.83 shares is not displayed in allocated section in icicidirect (“RELIANCE GOLD EXCHANGE TRADED FUND”)?

Question

Hi,

I had applied for IPO “RELIANCE GOLD EXCHANGE TRADED FUND: RELGOL” on 24/10/2007 and had paid RS 5000 through ICICIDirect .After sometime, I got 4.85 shares. When I try to allocate share “RelGold” for selling .It shows only 4 shares in allocated section. I don’t know where 0.85 shares have gone. If anybody has faced this type of situation .Please let me know how to get my balance share in allocated section.

Regards

Rajesh

Answer 1

Since Gold Exchange Traded Funds are traded like normal stocks on the exchange, a fractional portion of 1 unit cannot be traded.  Similarly during allotment, fractional portions will not be awarded.

Probably you would have been allotted only 4 shares and the rest of the amount would have been refunded.  Please verify it again.

Answer 2

who told u to do treading with old patterened & defaulter  ICICI.

LEAVE IT DEAR

b'fore that complaint bout your missed stocks in written to yor nearby ICICI BANK  & copies of it send to head /ragisred corporate office of company  & one copy to SEBI, Nariman Point mumbai