When IPO blocked amount refund?

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The amount blocked for IPO application gets released within four business days of IPO closure.

The applicant continues to earn interest on the blocked amount however cannot use it. Once the amount gets unblocked, the applicant is free to use the money for any purpose.

The extent of unblocking depends on the allocation status. In case of partial allotment, only partial amount gets released and the rest gets debited. In case of no allotment or IPO cancellation either by applicant or issuer, the entire amount gets released.

Topic: IPO Funds Unblocking Feedback

3 Comments

3. Shubham kala

| Link|May 23, 2024 4:53:58 PMReply

Mene adhar housing mai 44000 ki IPO Li thi rs pure cut ho gahe the bank se mere but jis din IPO open huvi vo IPO 14000 kch ki hi khuli thi mere paise wapis ni ahe

2. lunasiya kunal

| Link|February 15, 2024 1:57:05 PMReply

Dear sir / madam
Epack durable ipo payment not unblock in my account.

1. Memon MOHAMMAD YASIN bhai

| Link|December 30, 2023 9:53:04 AMReply

Dom's industries ipo auto pay payment not refund payment blocked refund payment

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