Wednesday, July 14, 2010

Aster Silicates IPO - Option to withdraw application

SEBI asked to offer withdrawal option to Aster Silicates IPO investors.

Company published a letter to its investors giving the option to withdraw from the public issue with in 10 days. The last date of receipt of request for withdrawal shall be 10th day from the date hereof, i.e., on or before 5.30 PM on July 23, 2010.

This may cause some delay in share allotment and refund for Aster Silicates IPO. Investors who do not want to block their money may withdraw their IPO application in 10 days.

For more detail and discussions about IPO withdrawal options visit: