U-Turn, as a body of investor protection to rate specific to a company based in Ahmedabad for a program to bring public amusement equity securities market regulator and Exchange Board of India (SEBI) .

A month ago, based in Ahmedabad, Gujarat All Investor Protection Trust (AGIPT) has approached Sebi alleging irregularities in the IPO Industries Vaswani. He was held in Ahmedabad and demonstration SEBI delegate called the initial public offering on May 18 SEBI AGIPT is an organization recognized since 2007. Taking note of the complaint and the fact that

3000 private investors withdrew their applications, SEBI has banned the entry of Industries Vaswani.

Though SEBI had yet to make a decision, just a month later, he wrote again to AGIPT market regulator, this time to ask that to allow the listing of shares

trade. A letter written in early June, said: “Some investors have approached our confidence in the office, and have withdrawn their complaints The issue was discussed threadbare with members of the Committee if the IPO is open for investors we have no problem with the listing of the matter … ” Source Amused said he could not understand the sudden change of heart.

“And ‘weird, and acceptable to the investor of the association to make such a request,” he said, the request for confidentiality. To say that the association of investors’ can not dictate the regulator, he wondered, “that is designed to serve the body? Investors or sponsors?

Kolkota-based Ashika Capital was the lead manager of Rs 49 crore IPO.

Since a large number of samples, retail investors were allocated 75% of the shares they had applied, compared with approximately 25% when the expected private treaty. Thus, small investors have shares in 3020 from an application of RS 2 shares worth lakhs for 4080. Question closed May 3.

When contacted HE Hemantsinh zhal, president of AGPIT, he said that “We have learned that SEBI has solved the problem and the regulator will allow the construction of industries Vaswani. Therefore, they wrote (SEBI officials) asking them not to ignore the investors interests. ” “We wrote a second letter two days earlier and asked not to disregard the previous letter,” said Zhala.