When IPO refund will come?

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The initiation of IPO refund is expected to be done within four working days of the issue closure.

IPO refund dates/Unblocking dates of IPO funds are specified in the Red Herring Prospectus (RHP) for each issue. Please see the table below for an overview of the IPO reimbursement in each scenario:

Reason for Refund Initiation

Reason	Timeline
1. Listing Permission not received	Within 4 days of receipt of intimation of rejection of listing from stock exchange/s.
2. Failure to reach the minimum subscription of 90% of the net offer. 3. Minimum no. of allottees is less than 1,000. 4. At least 75% of the allotment to QIB is not made through the mandatory book-building method. 5. No Allotment.	Within 4 days of issue closure.
6. IPO Cancellation Refund	Generally within 1-2 days of cancellation or expiration of the UPI mandate (if applicable)

Topic: IPO Funds Unblocking Feedback

1 Comments

1. Satish

| Link|December 18, 2023 5:26:39 AMReply

I applied for TATA technologies Ltd IPO on 23 November 2023 qty 60 - price in 500 payment mode normal allocation (IPO funds allocation for ASBA application) till now any qty shares are not allocated and not received any refund.

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