As per SEBI rules IPO should be listed with in 7 working day from the day of closing IPO. I think he is taking he will allot on 7th working day only. Today is no working day so Monday only allotment
But basically what happens is...Let''s say if nothing is allocated ur funds are released..They should have released funds till now as 17th was the date
If you read the RHP carefully it says allottment on or about 17 March and not "on" 17 March. There is a difference! Anyhow, the listing date is certain as per SEBI guidelines. Accordingly allottment, ASBA funds and credit to Dmat should all happen on the 20th and trading shall start on 21st. Chill everyone!
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