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Is IPO money refundable?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

IPO money is refundable only in case of below scenarios:

  • Cancellation of bid by retail investor while IPO is open for subscription.
  • Non-Allotment.
  • Non-receipt of listing and trading permission.
  • Non-receipt of minimum subscription.
  • Minimum number of allottees is less than 1,000 in an issue.
  • Failure to allot 75% of QIB under QIB route method.

Topic: IPO Funds Unblocking Feedback

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