Dhanus Technologies IPO which has entered the equity markets with an IPO of 38.65 lakh equity shares at a price of Rs 280-295 per share has been subscribed by 28.47 times.
Currently the company has offered all Retail and Qualified Institutional investors to withdraw their IPO Applications if they like and fixed October 6th as the date for withdrawing Dhanus Tech IPO Applications.
The Problem with Dhanus Technologies IPO all started when a few news papers earlier have reported about alleged fraud by the management but the company has denied the allegations.
In this regard the company has made an public release with regard to Dhanus Technologies IPO which can be read over here - Dhanus Technologies IPO Public Notice.
While market regulartor, SEBI has guided the Dhanus Technologies company to come out with an option of giving a window to the investors to move out the IPO if they want to. SEBI feels that the information given by the company to the investors is not enough. So as per the Statuotory provision SEBI has guided the company to follow the procedure.
Procedure for Withdrawal of Dhanus Technologies IPO Applications or Claim of  Refunds in Dhanus Technologies IPO.
Lot of investors would like to withdraw the applications in Dhanus Technoloiges and would like to claim the refunds back in Dhanush Technologies IPO.If you like to withdraw please write a letter mentioning the IPO Application numbers and the number of shares you have applied for along with your address etc to the Registrar of the company at the following address before October 6th 2007.
Cameo Corporate Services Ltd (Registrar for Dhanus Technologies IPO)
Subramanian Building
# 1, Club House Road
Chennai 600 002 - INDIA
Tel : 91-44-28460390 (5 Lines)
Fax : 91-44-28460129
E-mail : cameo@cameoindia.com
Registrar would refund back you IPO money to you through ECS or cheques.
NOTE : People who are not interested to make withdrawal claims in Dhanus Tehcnologies IPO can continue with the IPO as normal and the allotment in Dhanus Technologies IPO is 8th of October.
Please leave a comment if you need any more information.
1 comment so far ↓
I had applied for shares of your ipo vide cheque no.628005 for Rs29500.00 which was got encashed by you on 14.9.07. No shares have been alloted to me nor have l received the refund so far. I do not know the application number as the receipt of application has been misplaced. Please let me know when I can get the refund.
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