What happens if I do not get any shares but my money remains blocked when applying IPO through UPI?

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In case the shares have not been allotted to you and money is not unblocked / reinstated in your account, you may raise a complaint through the UPI App.

Topic: UPI for IPO Application (Unified Payments Interface for IPO) Article

162 Comments

162. bhavin

| Link|October 30, 2024 11:52:44 AMReply

waaree enargies limited ipo bidding amount didn t unblocking please help me

161. Umesh Verma

| Link|September 23, 2024 8:56:33 PMReply

I applied for P N Gadgil Jewellers IPO through UPI, but when I input my PIN for authorisation, the authorisation failed in UPI APP but, I received a message that mandate has been successfully created and amount also got blocked. Then I cancelled my application on my Broker's APP. But the amount is still blocked. Can anyone help me to get my money unblocked?

161.1. Rajiv Badala

| Link|September 26, 2024 2:39:00 PM

I am also stucking in P N Gadgill Jewelery Ltd...I have mailed to bigshare about this but they replied that the bid is not placed.. my money vanished, neither got allotment nor got my money back till today..

160. UJWAL Wani

| Link|September 19, 2024 8:39:11 AMReply

I have partial allotment of Bajaj housing finance Ltd shares(2 lot out of 4 applied) and 3 lot money got debited from my account.

159. Amit

| Link|February 6, 2024 9:24:29 AMReply

Same here, I applied for Tata Technologies IPO, but share was not alloted to me. It has been 2 months, still I didn't get my money.

159.1. Salman

| Link|September 12, 2024 7:50:17 PM

Sir did you get your money by now??

158. Partik Kumar

| Link|February 19, 2024 3:43:40 PMReply

I have applied for Jana small finnace bank IPO but the amount is not unblocked

158.1. RAMAKRISHNA

| Link|March 5, 2024 5:58:28 PM

DID YOU GET YOUR FUND, I HAVE A SAME ISSUE

157. Harshil Parikh

| Link|December 24, 2023 8:30:55 PMReply

my motison amount still is block in bank of baroda. I want to asked that auto mandate if expired then automatically funds unblocked? I contact to phone they tell you have to go in bank, i contact to upstox also they said you have to go in bank & in bank saying problem is not from our side.

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157.6. CHETAN

| Link|December 29, 2023 10:16:04 PM

I have already sent mail to registrar motisons but he said you contact to SBI branch but branch Clark said that you contact UPI contact I also confusing how amount remove. Everyone asks to contact the bank but the bank says that we have not put the hold

157.7. Priya

| Link|February 1, 2024 3:30:45 AM

Same here

156. Priyanka Kumari

| Link|February 1, 2024 3:25:37 AMReply

Applied for Inox and credo ipo, its being one month and didn't get refund, i have already mailed to registrar and visited to bank but nothing worked

155. varsha

| Link|January 13, 2024 2:08:21 AMReply

Mera doms ipo ka paisa abi tak unblock nhi kiya hai.. kya karu?

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155.2. Neeraj

| Link|January 23, 2024 2:02:52 PM

Same here.. Bank ko contact kiya to bole hm kuchh ni kr skte jha se apply kiya unse baat kro..

155.3. Jyoti

| Link|January 31, 2024 12:38:33 AM

Mera bhi DMOS ka mandate revoke nhi hua. How to get money back?

154. Amar

| Link|January 5, 2024 11:49:33 AMReply

Guys Happy Forging ka Mandate expire hua Aaj lekin amount abhi Tak nahi aya. What to do? Bank se pucha to unhone Grow ko call karne ko kaha hai

154.1. Ranjan

| Link|January 11, 2024 1:41:03 PM

Same here bro Happy forgings money not refunded yet Linkintime also not replying. Please help.

154.2. Amar

| Link|January 11, 2024 1:43:53 PM

Likintime ka contact details do na? Mera Azad Engineering ka bhi nahi hua. Iska bhi contact detail do na. Bank ko pucha to unka alag hi randi rona chalu hai.

153. Alampally Santosh

| Link|January 7, 2024 8:00:57 AMReply

Hii, i made payment with phone pay for muthoot shares but not alloted & Amount also not credited in my account & i raised complaint also but still not credited in my account & now showing in phonepay app as your Auto-pay expired so pls help me process for my amount back to my account

152. Shraddha

| Link|December 20, 2023 11:06:12 AMReply

HI Team,

I applied for the INOXINDIA IPO, and although the amount was debited from my account, I didn't receive any shares upon verification. Could you please advise me on the necessary steps to retrieve my funds?

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152.2. Karne Dheeraj Kumar

| Link|January 3, 2024 8:50:06 AM

I also applied for INOX INDIA but I didn't alloted the IPO to me but the funds are not revoked yet the date also expired.

152.3. Sahil

| Link|January 5, 2024 11:06:09 AM

HI Team,

Hope you are doing well!

I applied for the INOXINDIA IPO, and although the amount was debited from my account, however, I didn't receive any shares. Kindly advise me on the necessary steps to get back my funds.

151. Himanshu Mehta

| Link|December 29, 2023 1:17:08 PMReply

Hello. Azad engineering IPO ka share allotment nahi hua, aur abhi tak payment bhi unblock nahi hua. what to do? Any suggestion? Any one get similar complaint?

151.1. Ayush

| Link|December 30, 2023 5:24:10 PM

Bhai, tera money av tak account me aaya ki nahi?
Maine v Azad engineering me lagaya tha Paytm UPI ke jariye, mera v abhi Tak nahi aaya hai money.

151.2. Gulshan

| Link|January 2, 2024 5:38:56 PM

Bro, IPO ke registrar ko aur apne bank dono ko mail kro call kro and wait kro aur unke ungli krte rho that's the last option

150. Shama

| Link|December 31, 2023 6:42:16 AMReply

Azad ipo ke registrar ko mail kis email id pr karein

150.1. Gulshan

| Link|January 2, 2024 5:36:35 PM

einward.ris@kfintech.com iss par mail krdo aur apne bank ko bhi mail kro bank ke customer service wale se bat krke mail pta kro.

149. Rohit Sarawagi

| Link|December 22, 2023 7:49:47 AMReply

Where to mail for muthoot microfin if share not Alloted and amount not unblocked

149.1. Rahul

| Link|December 29, 2023 4:38:42 PM

your amount unblocked or is it still stuck?

148. Deepak rajput

| Link|December 29, 2023 8:28:22 AMReply

Azad engineering ka allotment nahi hua per payment unblock nahi Hui abhi bhi Paytm money per kya karna chahiye

147. चंदन अधिकारी

| Link|December 27, 2023 8:40:46 AMReply

Listen guys. Motisons IPO me bahot log ka amount unblock नही हुआ हैं। Upi mandate 4 January ko expire ho jayega. Aur sabka amount unblock ho jayega।
अगर उसके बाद भी unblock नहीं होता है तो आपको एक mail Mila hoga 22 December ko. Usme apko बस एक problem ke regarding ek mail डालना है।
मेरा भी amount अभी तक unblock नहीं हुआ है।
Chill and relax.

146. Ankur agarwal

| Link|December 20, 2023 9:26:51 PMReply

I applied in Innox IPO but my amount is still blocked . please suggest what to do now.

146.1. Mukeshkumar Patel

| Link|December 26, 2023 6:13:46 PM

I applied for inox India ltd. Not allotted shares but my money still blocked.

145. Panda

| Link|December 22, 2023 12:14:42 PMReply

My motisons amount is not unblocked even after getting msg from linktim registrar, what to do

145.1. Jallipalli Aditya Kumar

| Link|December 23, 2023 10:27:14 PM

My funds are still blocked for motisons, what to do

145.2. Harshit Singh

| Link|December 26, 2023 3:57:40 PM

How did you contact linktim?

144. Ankit Kumar

| Link|December 4, 2022 10:34:46 AMReply

I have applied 1 lot of Archean Chemicals Ltd. and yet after 14 days of listing , the money has not been unblocked.

I have entered upi pin and approved the mandate request but it got failed and money got blocked and also the application is rejected with reason "mandate not approved". The request I approved get cancelled same day leaving my amount blocked and rejecting application. Phonepe does not show that auto-pay has been set and hence doesn't show an expiry date of request. I applied on groww through phonepe .

I have mailed the registrar and they replied that issue is escalated to bank officials for solving it.
But the issue isn't solved yet even after sending more than 2 reminders.
I have contacted the bank but they said that they can't help as problem isn't at their end.
I need help for this issue.

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144.5. Bighnesh Tuhin Sahu

| Link|December 19, 2023 8:23:48 AM

Same problem. Any solution for this?

144.6. Gulshan

| Link|December 25, 2023 3:22:39 PM

If you still did not get your money back the last thing you can do is to raise a complaint in SEBI. You can search their number and talk to them they will guide you

143. Hemant Patel

| Link|December 21, 2023 8:45:16 PMReply

Same issue here, if any body' money come back so please type some msg how to get it.

143.1. Parth patel

| Link|December 21, 2023 10:18:49 PM

Email to inox.ipo@kfintech.com with complete details ...my fund is UNBLOCKED now

142. Vijay

| Link|December 21, 2023 7:01:58 PMReply

My Amount for Inox India still blocked. It’s connected to HDFC Bank for Google Pay UPI app. Anyone else applied from HDFc Bank & still amount blocked??

141. Arun

| Link|December 21, 2023 6:23:15 PMReply

I have the same issue with my Kotak Bank.Amount for Inox CVA still blocked and mandate is not revoked.

140. SUMIT SATWADHAR

| Link|December 21, 2023 11:08:01 AMReply

Inox ipo not alloted but money not unblocked

140.1. Shivraj

| Link|December 21, 2023 2:42:36 PM

Same here. I had applied for inox india. I did not get any allotment. still my money not unblocked yet.

139. Shivraj

| Link|December 21, 2023 2:39:38 PMReply

I have not yet received my refund. I had applied for inox india. I did not get allotment. my mandate not yet revoked. Its still active.

138. Parth patel

| Link|December 20, 2023 8:30:43 PMReply

Just received non allotment advice..so hopefully fund will be unblocked soon

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138.2. Parth Patel

| Link|December 21, 2023 9:38:54 AM

Yes Suraj...still today morning, it's not unblocked

138.3. Karan

| Link|December 21, 2023 10:47:20 AM

Hi is your money unblocked now as the same is with me

137. Mahesh Patel

| Link|December 20, 2023 2:31:40 PMReply

Same Happing for me i too applied Inox India , i didn't got the ipo still my money is credited to my account

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137.2. Parth

| Link|December 20, 2023 7:09:15 PM

Same here

137.3. suraj

| Link|December 20, 2023 11:02:42 PM

hey i also got the mail that my ammount is unblocked but in my bank the ammount is still blocked . what to do now

136. ASHWIN

| Link|December 20, 2023 1:58:25 PMReply

I HAVE NOT ALLOTED INOX WIND SHARES BUT MY AMOUNT WAS STILL BLOCKED...PLEASE SUJEST ME WHAT TO DO

135. Sourabh

| Link|December 19, 2023 9:24:57 AMReply

I have learned many comments in this section regarding the upi mandate amount block. I also faced many problems like this and realised that this problem is with only public sector banks. While in private banks money is unblocked before the allotment. Public banks have que system so they can block the amount at any stage.

134. Trinadh

| Link|October 10, 2023 11:24:51 AMReply

Hi sir, i applied for IPO through upstox app.. my upi mandate successfully approved and amount blocked but my upstox application status showing as pending.. what is the reason and when my amount will be unblocked. Thank you.

134.1. Vansh

| Link|December 13, 2023 6:24:21 PM

Has your money unblocked?

133. Rekha choukse

| Link|October 4, 2023 4:29:09 PMReply

मेरा भी पैसे मैंडेट एक्सपायर बता कर रोक दिए हे और ऑनब्लॉक नही हो रहे हे अब क्या करे

133.1. Prashant Kumar Agar

| Link|October 31, 2023 6:30:36 PM

if happen this please contact to us for soluatio

132. Gomathi Sankar

| Link|August 25, 2023 1:04:12 PMReply

I am also facing SBFC IPO allotment UPI mandate issue.
Till date amount blocked in indusind bank.

132.1. barun

| Link|September 13, 2023 8:17:20 PM

any update

131. Vaibhav Gupta

| Link|August 31, 2023 10:34:21 PMReply

It's been 20days and I've not received my money from SBFC ipo
I opted for 2lot but only 1 lot was alloted till now I haven't received my money

Shame on SBFC

130. Sikha Mandal

| Link|August 12, 2023 5:43:23 PMReply

i am also facing with the same prob in sbfc ipo.. not alloted but amt is still holding by sbi .. pls huide if any has any idea to solve this issue..

130.1. kuntal Chowdhury

| Link|August 14, 2023 7:07:57 PM

Me too, amount blocked, I called Kfintech, they said the UPi mandate date will expire on 22/8/23 hence only after that date all the blocked amount will be released, strange, SEBI useless...

129. Abhishek khandelwal

| Link|August 12, 2023 1:03:38 AMReply

I applied for the SBFC ipo and completed the mandate successfully. Money is blocked for the same too but when I'm checking the allotment status on ipo registrar it shows a message that your application not available. Even my amount is not unblocked. I think the bank is forgotten to instruct the registrar. Is there any provision to claim some amount for this bank's fault?

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129.2. Abhishek khandelwal

| Link|August 12, 2023 1:58:50 PM

Did your amount unblock?

129.3. Siddhant gupta

| Link|August 14, 2023 7:00:39 PM

Any update regarding unblocking of amount? I too got the same message in Friday. Amount is still blocked.

128. Hemant Kumar

| Link|November 25, 2022 12:35:51 AMReply

I had applied in DCXsystem ipo by UPI from SBI bank account.
Did not get any allotment, but money was still blocked.
I complained to registrar which in turn mailed to SBI to unblock the money.
Didn't get any reply from bank and the money was blocked.

Today after 15 days my money got unblocked.

I think that the money automatically gets unblocked after 15 days. Though I am not sure.

I hope this experience might be of some help for others who are facing similar problem.

128.1. Ketan

| Link|February 16, 2023 9:37:04 AM

Does 15 days after listing ?

127. SANJEEV KUMAR

| Link|February 16, 2022 5:17:24 PMReply

I APPLIED ADANI WILMAR IPO BUT NOT ALLOTED MY AMOUNT IS STILL UNBLOCK AND ALSO MANDATE DATE IS EXPIRE HOW CAN I DO???? I WRITE EMAIL TO BANKER AND OTHERS BUT NOT REFUND YET.....PLEASE SUGGEST WHAT CAN I DO...

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127.5. Loknath

| Link|April 12, 2022 3:41:36 PM

Have your problem resolved i.e. refund of ipo applied ammount

127.6. Ankit Kumar

| Link|December 4, 2022 6:24:57 PM

Is the problem resolved?

126. Partha

| Link|September 16, 2021 12:12:30 AMReply

One suggestion for SBI users, Please raise a complaint at: https://crcf.sbi.co.in/ccf/
As Existing Customer - Digital Payments under category BHIM SBI Pay (UPI) >> UPI ASBA (IPO).

126.1. Tushar Joshi

| Link|November 4, 2021 11:36:11 AM

Brother whats the transaction id if mandate is created through upi

126.2. Sameer Khan

| Link|August 16, 2022 11:30:50 AM

I also tried this.
After 1 month of my complaint.
They closed the case saying " No hold/lien in account".
But my fund was still blocked after 10 months of expiry of UPI mandate.

125. Vikas

| Link|May 24, 2022 9:15:40 PMReply

I applied for LIC IPO, but did not get the IPO. Then I received a mail from the tariff of LIC IPO Zerodha that you have not received the IPO But your blocked balance will be received after the mandate date, But today 25th may 2022 Debited balance 13560/- not refunded yet.

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125.2. Rahul

| Link|June 13, 2022 8:24:22 PM

So finally what happened?

125.3. yogendra

| Link|June 29, 2022 9:56:29 AM

same problem, did you got your money back

124. Akash

| Link|February 7, 2022 12:47:37 PMReply

You need to connect registrar of the ipo issue, mail them for my case it was kfintech so i mailed on einward.ris@kfintech.com and they asked me the following information:
1) Bank Name
2) Account No
3) Branch Name
4) Application No
5) D-Mat Account No
6) PAN
7) Amount

So i provided all the info, they send it back to the bank and hold got released in next two days.
Nobody will help you only registrar can help you.

124.1. Sridhar

| Link|May 19, 2022 12:26:41 PM

I am not well aware of trading, but i tried investing using Paytm money app.
I invested in LiC IPO, the status is allotment got failed , but yet i didn't recieved any refund. What should I do now ?

123. Radheshyam Ghule

| Link|October 20, 2021 1:59:17 PMReply

Hii sir maine paras defence ka ipo liya tha share allotment nahi hua aur amount abhi tak block hai plz help....

123.1. Kapil

| Link|November 26, 2021 5:16:27 AM

Can anyone suggest. My UPI mandate against pars defence expired but not money refunded. What should I do here??

123.2. Harish Mahalle

| Link|March 25, 2022 6:20:03 PM

Have you got money back till date I don't get it.

122. AJAY VEGDA

| Link|February 10, 2022 12:43:54 PMReply

I have demate account Angel one
I'm created 2 ipo but not alloted & not received in bank account how can do?

121. Sandip nilkanth londhe

| Link|December 23, 2021 7:38:36 AMReply

My money is blocked in rejected ipo medplus GROWW8514880 ,ipo.nsemedplus@axisbank

121.1. Priyanka

| Link|February 4, 2022 2:02:53 PM

same issue here also. Please let me know if you have found the solution.

121.2. Amrinder

| Link|February 4, 2022 8:05:41 PM

I have also not refunded my blocked medplus ipo amount

120. Sandip nilkanth londhe

| Link|December 23, 2021 7:40:03 AMReply

My money is blocked in rejected ipo medplus GROWW8514880 ,ipo.nsemedplus@axisbank

120.1. Priyanka

| Link|February 4, 2022 2:02:35 PM

same issue here also. Please let me know if you have found the solution.

119. Devidas moger

| Link|December 23, 2021 9:01:11 AMReply

My money is blocked in rejected ipo medplus QU152468867125 , ipo. nsemedplus@Axisbank

119.1. Priyanka

| Link|February 4, 2022 2:02:09 PM

same issue here also. Please let me know if you have found the solution.

118. Sachin

| Link|December 23, 2021 6:19:22 PMReply

My amount is blocked for MEDPLUS i didn't get allotment what to do.
How to unblock

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118.3. Tuhin Deb

| Link|January 9, 2022 8:04:25 PM

I am facing the same issue!

118.4. Priyanka

| Link|February 4, 2022 1:57:29 PM

I am facing the same issue. My application was rejected but the amount is still blocked in my account.
Please let me know if the issue is resolved for you.

117. ABDUL REHMAN

| Link|January 27, 2022 7:19:53 PMReply

My amount is blocked in ipo ags transact technology because i mentioned wrong phone pe ID how can I get my money back.

116. Mohammad Mujtaba

| Link|January 18, 2022 2:51:54 AMReply

My money is still blocked for datapatterns ipo. It is more than 20 since allotment. What to do?

116.1. FULCHAND PRAJAPATI

| Link|January 24, 2022 4:49:20 PM

same here, my money also blocked

115. Mayur Thakkar

| Link|December 22, 2021 2:11:44 PMReply

My money is blocked still not received
Data patterns ipo
What should I do

115.1. Harsh

| Link|December 27, 2021 2:01:19 PM

Same here
Still not received the money
Shares not allotted

115.2. Vivek kumar

| Link|January 13, 2022 3:19:34 AM

What's is ur bank and what payment mode u used . because my money also not refund

114. Halik

| Link|January 11, 2022 5:19:49 PMReply

If anyone got your Tega industries IPO money.. it almost 1 month still my money is not revoked anybody help me please

113. Vikram Lodhi

| Link|November 16, 2021 6:54:17 PMReply

I Too have applied for Sigachi IPO.. my mandate also expired sill no money is received/unblocked

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113.2. anitha

| Link|November 19, 2021 2:53:35 PM

samething happend to me

113.3. BANDARU PRASANNA

| Link|January 10, 2022 10:40:24 PM

Have you got the refund now? If Yes when did you got the funds?

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