Some investors faced unexpected issues with the Him Star Urja IPO. Shares were supposed to be deposited into Demat accounts on Bhadra 1, but the process did not go smoothly. Many investors received their shares on time. However, some who were allotted shares did not see them in their accounts. At the same time, a few investors who were not allotted shares found them deposited.
NIC Asia Capital, the issue manager, confirmed that this happened due to a technical error. The company said it was not intentional and assured investors that the problem is being fixed.
CDSC has now taken back all the shares that were wrongly transferred. They will ensure that only the shares allotted to the correct investors are transferred to their accounts. All accounts are being carefully checked. The correction process is expected to be completed, and the allotted shares will be properly deposited by tomorrow evening.
For now, investors are advised to wait. NIC Asia Capital and CDSC have promised that everyone who was allotted Him Star Urja IPO shares will soon see them in their Demat account.
