Is there any timeline by which I need to act upon the block request from UPI for IPO?

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Yes. In Phase I, all block / collect requests which have not been acted upon by 12:00 p.m. on T+2 day i.e. two days after closure of the issue, would lapse. In Phase II, all block / collect requests which have not been acted upon by 12:00 p.m. on T+1 day i.e. one day after closure of the issue, would lapse.

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

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Will I be notified when the bid is successfully placed for IPO using UPI?
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Can I use the same UPI PIN for accepting the IPO block request?
How many times do I need to input UPI PIN for creating and processing the IPO block request?
To whom should I approach if I have some issues with the IPO block request, my bank or my broker?
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Can I modify the bid quantity, price, block amount, etc., when I UPI receive a block request for IPO?
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What does revoking an IPO request through UPI mean?
What happens if revoking of an IPO though UPI fails due to technical error?
What happens if I get partial allotment for IPO applications through UPI? Will my money be unblocked for the remaining shares?
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What are the steps in UPI IPO process in India?
How do I get the UPI ID for a Minor Account?

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