Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Help, PIN FUND is threatening legal action and blocking withdrawal for failing to pay for IPO allotment!

Milind Vadjikar |1153 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Feb 21, 2025

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Question by Anchal on Feb 20, 2025Hindi

Listen

Money

Good morning sir I am investing with an institution namely PIN FUND. they have their own app to invest . They offer to apply for an ipo at only 10 % of mkt value also at more dinsconted price . In starting my assistant told me that you have to apply as much as you can because you will be allocated only 10-20% of shares applied for . But each time they rise the percentage of allotment and forced me to add funds . Somehow I arrange funds till last allotment but this time they allot 90% of shares applied by me and asking to add funds of around 500000 but I can't arrange fund . Now they are forcing me add funds and telling that their will be legal proceedings against me and my available fund will not be available to withdraw. Kindly guide me asap.

Ans: Hello;

This seems like a pure con job.

Have you verified their credentials?

Do they have any approval from Sebi?

Report to the Police and SEBI/RBI.

Do not fall for such gimmicks.

Best wishes;

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Samraat Jadhav |2249 Answers |Ask -Follow

Stock Market Expert - Answered on Feb 11, 2025

Asked by Anonymous - Feb 11, 2025Hindi

Listen

Money

Similar investment of ipo first ipo got profit of one lacs they have again reinvested the same of 2+1 lacs profit in ipo of 10lacs promise to get 15 lacs but at the time of opening it has reduced to 9.50 lacs agin they invest 3 lacs full allotment one ipo and balance they have part invested 7 lacs of alloted ipo around 22 lacs and requesting me to pay 14 lacs which I said no funds now they are arranging topup of 14 lacs without interest but ipo listing rate 0.000325 asking me to give the confirmation which they will pay my account and in turn i will balance ipo of ken which is listing on 12/02/2025;if I say no it will have big consequences for not taking listed share in my name? What to do? My 9 lacs are blocked?

Ans: its a scam, please raise a complaint to cyber crime

Samraat Jadhav |2249 Answers |Ask -Follow

Stock Market Expert - Answered on Feb 11, 2025

Asked by Anonymous - Feb 11, 2025Hindi

Listen

Money

Same ipo question QUANTAIS is the whatsup group 2 lacs first ipo invested got profit of of 1 lacs again they have lured and investment around 10 lacs ( 3 + 7 lacs) in second ipo and lost money by 50000 but they have again blocked the fund for two ipos one full 4 lacs and balance 7 lacs in ken ipo and insisting to pay 14 lacs you will get 56 lacs which I have refused that don't have funds today they are arranging topup of without interest they will fund my bank and I have forward same to them and they will be charging 0.000325 on ipo listed amount if I don't agree i have to face consequences but they are assuring no loss will be there?

Ans: its a scam, please raise a complaint to cyber crime

Milind Vadjikar |1153 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Mar 30, 2025

Question by Kuldeep - Mar 29, 2025Hindi

Listen

My institunal broker applied for an IPO, on my behah, The application had no slot for quantity or amount. My deposit with broker was 45 lakhs. .. I was alloted shares worth 75 lakhs. I had informed my institunal broker about my insbility to mopup such a large fund. The broker bloked my account and pressurised me to deposit balance . I flately submitted my insbility. Now IPO is opened up, but my funds are still not released. They are now trying to impose a penality of 10% of alloted amount i.e. 7.5 lakh. A part from this, penality too. Figure not conveyed yet. Moreover, all these to be paid first . Sir, I am a super senior citizen of 80yrs, I had deposited fund as a investor only, but now became a DEFAULTER snd crimal and lable to pay heavy amont. SIR, I SEEK YOUR HELP AND GUIDENCE THANKS KULDEEP GARG

Ans: Hello;

I do not know what exactly was the understanding between you and your broker.

However you may raise a grievance online with sebi scores portal.

Be prepared to provide your concern in a short and crisp format and upload documentary evidences of all requisite papers, in soft copy version.

Best wishes;

Latest Questions

Dr Nagarajan Jsk |311 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Apr 06, 2025

Asked by Anonymous - Apr 01, 2025Hindi

Listen

Career

Good evening sir, I'm in my last year of b.pharm and i'm very confused what to pursue now like m.pharm or MBA , basically i have to earn money as soon as possible but i dont where and how

Ans: Hi,

The best option after completing your undergraduate degree in pharmacy is to pursue an MBA. However, it is important to gain some experience in your chosen field before starting your MBA. This experience can help you secure a higher salary and a better position.

If you're looking to earn money quickly after your undergraduate degree, consider a career in marketing—you can expect a salary of around 6.0 LPA.

It's advisable to work in the field for at least 2 to 3 years before pursuing your MBA, whether it's full-time, distance learning, or virtual.

Once you complete your MBA, you can expect to see an increase in both your position and salary.

Best of luck!

POOCHO. LIFE CHANGE KARO!

Dr Nagarajan Jsk |311 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Apr 06, 2025

Question by Dont - Mar 20, 2025Hindi

Listen

Career

Hello sir im a 12th passout in 2024 feb Maharashtra board, but i will not satisfied with my marks in 2024 i give improvement exam in 2025 feb but i still not agreed i want to give improvement exam in jully 2025 attempt i have options or not sir plese reply me

Ans: The board did not specify anything related to the number of reappearances. However, before reappearing for the exam, you should be adequately prepared to avoid wasting time.

POOCHO. LIFE CHANGE KARO!

Dr Nagarajan Jsk |311 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Apr 06, 2025

Asked by Anonymous - Mar 09, 2025Hindi

Listen

Career

I am a 12th student now in state board of tamil Nadu and I am a government school student what is the minimum requirement for me to join mbbs in AFMC medical College

Ans: The following requirements are mandatory for admission to AFMC.

Age: 17-24yrs
Academic qualitfication: FIRST ATTEMPT with English, Physics, Chemistry and Biology/ Bio-technology taken simultaneously and securing not less than 60% of the aggregate marks in these three science subjects taken together and not less than 50% marks in English and 50% marks in each of the science subjects. They must have also passed an examination in Mathematics of the tenth standard.
Candidates seeking admission for MBBS course at AFMC Pune will have to mandatorily qualify the NEET UG 2024 Examination conducted by National Testing Agency (NTA). 11. Eligible candidates who are interested to join AFMC, Pune to pursue the MBBS course will have to mandatorily register and apply for AFMC, Pune on DGHS

The shortlisted candidates will be called for screening which comprises of Test of English Language and Reasoning (ToELR), Psychological Assessment Test (PAT), Interview and Medical Examination at AFMC, Pune.

ToELR & PAT - Test of English Language and Reasoning (ToELR) in the form of Computer Based Test (CBT) and also Psychological Assessment Test (PAT) to be conducted at AFMC, Pune only for candidates shortlisted for interview. (t) Written Examination Score - Score obtained in NEET (UG) 2024 (720 marks) added to ToELR Score (80 marks) divided by 4 to get a score out of 200. (u) Final Score - Written examination score (200 marks) + Interview marks (50 marks).

MEDICAL FITNESS: MANDATORY AS PER AFMC

ALL THE BEST

POOCHO. LIFE CHANGE KARO!

Radheshyam Zanwar |1519 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Apr 06, 2025

Asked by Anonymous - Apr 06, 2025

Career

Hiw is nit delhifir cs

Ans: Hello Dear.
It is good and has a good track record of placement. Thanks

Dr Nagarajan Jsk |311 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Apr 06, 2025

Asked by Anonymous - Apr 04, 2025Hindi

Listen

Career

In my 10th marksheet my father's name is "Binay singh" and In other Government documents like aadhar card,pan card,Ration card my father's name is "Binay kumar singh" And while filling the application form I filled my father's name according to Government document "Binay kumar singh" . Please guide me what should I do now. I made an affidivat From First class magistrate regarding the name "Binay kumar singh and Binay Singh" Both are same person Will there be any problem during counselling if yes please guide me.

Ans: Hi,
The 10th marks sheet is also a government
No need to worry since your dad is not going to write the exam. So don’t panic. Prepare for the exam.
All the best.

Dr Nagarajan Jsk |311 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Apr 06, 2025

Question by Shahnavaj - Apr 05, 2025Hindi

Listen

Career

I completed my 12th with pcm in 1996. Now i want to complete 12th with biology to apply in neet.please advise me if it is possible or not? Any other sllution?

Ans: Hi Shahnavaj, please share why you want to appear for NEET and what you are currently doing to give you advice.

POOCHO. LIFE CHANGE KARO!

Dr Dipankar Dutta |1093 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Apr 05, 2025

Asked by Anonymous - Mar 20, 2025Hindi

Listen

Career

I am confused between pursuing between bsc microbiology and bsc chemistry which have better future in india

Ans: BSc chemistry definitely

Prof Suvasish Mukhopadhyay |552 Answers |Ask -Follow

Career Counsellor - Answered on Apr 05, 2025

Asked by Anonymous - Apr 04, 2025Hindi

Listen

Career

Sir I Have scored 85 percentile in jee mains ,so should I take drop or should get myself enrolled in some other institutes like IISER OR BHU for example

Ans: You should not take drop.

Prof Suvasish Mukhopadhyay |552 Answers |Ask -Follow

Career Counsellor - Answered on Apr 05, 2025

Asked by Anonymous - Mar 21, 2025Hindi

Listen

Career

I got 96.5 percentile in JEE Mains Session 1 (SC). West Bengal home state. I have a interest in sports and would like to go with some electronics related branch. Which NIT & branch combination would be the best choice for me. I was thinking about NITR EIE

Ans: Go for NIT -Durgapur.

Prof Suvasish Mukhopadhyay |552 Answers |Ask -Follow

Career Counsellor - Answered on Apr 05, 2025

Question by Nsms - Mar 21, 2025Hindi

Listen

Career

My son got 92.2%ile in jee mains. General category and up domicile. Can he get into any IIIT ? If yes please mention college name and branch too if possible.

Ans: College name I won't mention,but I think he will certainly get low ranked IIIT

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x