When will I get my refund if I don't receive the IPO's allotment on a listing day?

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• 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 ...

• 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 ...

• 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 ...

• How does the allotment process work if the IPO is oversubscribed?

  The allocation of shares to investor categories is reserved in every IPO. When an IPO receives more applications (bids) for shares than the total number of shares available, it's called an oversubscribed IPO. Here is how the allotment process ...

• 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 ...