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

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

The funds are unblocked after the allotment of shares. However, certain banks will unblock the funds only after the mandate end date.

Example Scenario
The allotment date for GOYALSALT is 5th October. Banks unblock the funds on the refund initiation date, which is the 6th of October. If the bank has not unblocked the funds, it will be done after the mandate end date, i.e. 14th October 2023.

Note: A request should be made with the bank to release the funds if the shares are not allotted anytime after the allotment date. As the funds are only blocked and still remain in the bank account, interest will accrue as usual.



    • Related Articles

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

      The funds are unblocked after the allotment of shares. However, certain banks will unblock the funds only after the mandate end date. Example Scenario The allotment date for GOYALSALT is 5th October. Banks unblock the funds on the refund initiation ...

    • 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 ...

    • What is NAV? What NAV will I get if I invest today?

      What is NAV? NAV stands for Net Asset Value — it represents the per-unit price of a mutual fund. In simpler terms: NAV is the market value of one unit of a mutual fund scheme. Each mutual fund scheme has a Net Asset Value (NAV) that represents the ...

    • 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 ...