If the IPO is not allotted to me, when can I expect to receive the refund?

If the IPO is not allotted to me, when can I expect to receive the refund?

·        Funds are unblocked after shares are allotted in an IPO.

·        The mandate for IPO applications is typically revoked after allotment.

·        Upon revocation of the mandate, the blocked funds will be released to your bank account.

Note: Some banks may wait until the end date of the mandate to complete the revocation process. You can check the end date of the mandate on your UPI app for more information. If you did not receive an allotment of shares, you can request your bank to release funds post-allotment. Funds are usually automatically unblocked once the mandate is revoked after IPO allotment.


    • Related Articles

    • What is the role of a Registrar in the IPO process?

      Processing IPO Applications: · The Registrar receives and processes IPO applications submitted by investors. · They verify the accuracy and completeness of the application forms, including investor details and bid amounts. Share Allocation: · After ...
    • How can I apply for an IPO without using UPI?

      To apply for an IPO without using UPI, you can utilise the ASBA (Application Supported by Blocked Amount) facility provided by banks. Here's how you can do it: · Visit Bank: Visit your bank branch or log in to your internet banking portal. · Fill ...
    • What is the refund policy if I cancel my super saver plan??

      If you opt to cancel your plan within 3 working days of activation, a refund will be issued within 48 hours. This refund will be credited back to the original payment source, less any benefits utilized. For instance, if the payment was debited from ...
    • When will funds be unblocked if the IPO is not allotted?

      Typically, funds for an Initial Public Offering (IPO) that were blocked but not allotted are unblocked by the depository participant within a few days after the allotment process is completed. In the case of 5paisa, the specific timeline for ...
    • When will I get my refund if I don't receive the IPO's allotment on a listing day?

      According to SEBI (Securities and Exchange Board of India) regulations, the company issuing the IPO (issuer company) is required to refund your money within four working days of the IPO closing date. Failure to do so may result in penalties and ...