It would surely give a badge for good performance to market regulator, SEBI. In a first of its kind in India, SEBI distributed Rs 23.29 crore to close to 12.75 lakh investors across the country.

These investors are the one who were not allotted shares during the IPO-boom phase in between 2003 and 2005. During that time, 21 companies came up with their initial offerings. But, due to irregularities that were existent in the market at that time, these investors were cheated off their money.

This was done because a group of investors, led by one Roopalben Panchal opened more than one fictitious account and got more shares than the limits permitted. Looking at the demand, the IPO price rose quite a bit and the shares got listed for a huge premium amount. As soon as that happened, these fake investors sold off their shares and were able to make a killing.

The money sent now has been done through cheques, which were signed by the finance minister Pranab Mukherjee himself.

In order to identify these investors, SEBI had set up a committee. It was headed by an ex-Supreme Court judge, DP Wadhwa.