Amazing things happens 
Today I received Rs 78.53 into my bank account linked with Demat account. I was surprised from where this money has come from.
In the statement, note mentioned as “ECS CR SEBI IPO REALLOCATION HDFC BK”.
Ohhh. Now I could relate. I read the story of IPO scam money credit into accounts into today’s ET only. But I am not even sure for which IPO application this money came from and how its calculated.
This money is compensation for opportunity loss we suffered between 2003-2005 because some of the market manipulators got the shares in 21 IPOs which should have been allotted to public. As scamsters applied in huge numbers from their fake accounts, retail part of IPO was oversubscribed heavily and general public like me got less or nothing.
After Government has got back money from these fake accounts, It will first credit amount into those accounts which have not been allotted any share in these 21 IPOs. Then to the investors who got something alloted.
This is the first attempt in history of share market in India.
Some of the IPOs in which these scams happened were Tata Consultancy Services (TCS), NDTV, Maruti Udyog, Indraprastha Gas, Biocon, Power Trading Corporation, YES Bank and NTPC.
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Interesting story.
Looks like a dream to receive money after such a long gap.
Howsoever small, but definitely worth noting.