Yes, as per SEBI rules, they have to reply and pay compensation within 15 days. If they don’t pay the compensation then Rs 100 per day will be added as penalty + 15% annual interest.
They are saying that our boys work very hard during highly subscribed IPO and work till late night, if we give you compensation then it will affect their whole year’s hard work because you know financial year is ending soon and they will not get appraisal and all..๐๐