424.1. SamJos| Link| Bookmark|
December 22, 2021 11:46:12 PM
Top Contributor (500+ Posts, 100+ Likes)
What is the meaning of this quote send along with allotment advise cum refund information - "Please note that you application was bidded but not banked for marking a lien on your Bank account / Amount not locked through the UPI mechanism. For any further query, you contact the intermediary with whom your application was lodged". Application was made by ASBA.
424.2. K.Atar| Link| Bookmark|
December 23, 2021 12:31:25 AM
IPO Guru (1000+ Posts, 700+ Likes)
@Samjos,
It means that bid was not supported by a FUNDS against it.
HDFC bank is the sponsor for this ipo and the common problem that many people are having either by ASBA or UPI is that their bid was not supported by funds blocked against it.
Though the funds were blocked either by ASBA or UPI but many people''s bid was not considered on the pretext that lien was not found.
And as per feedback of the registrar you need to contact your bank for any further inquiry to know why this happened. Did your bank''s faulted by not marking a lien on funds (which is highly unlikely). But you should take it further to know the root cause..
Hope it helps.
**I am also not allotted any lot in DP. Thanks.
424.3. CSK| Link| Bookmark|
December 23, 2021 9:33:39 AM
Top Contributor (300+ Posts, 500+ Likes)
@SamJos- Did you check with link in time? Hope you have applied through ASBA? If yes what bank you have used for apply?
424.4. 🔥 MOG 🔥| Link| Bookmark|
December 23, 2021 11:11:26 AM
(400+ Posts, 200+ Likes)
did u apply in hni category through offline application on the last day? which trading account and bank do u use?
If u had applied offline, your application might have been processed and u might have received a mail from bse regarding successful application. If u read the mail, it''s clearly stated that application success is subject to fund blocking by the bank. It looks like your funds were not blocked in time for the application to be considered as successful.
424.5. SamJos| Link| Bookmark|
December 23, 2021 1:39:25 PM
Top Contributor (500+ Posts, 100+ Likes)
@CSK - didn''t check with linkintime as they clearly asked to corresponding bank. I had applied through ASBA, Kotak Bank. @MOG - applied online on last day. @K.tar - I m going to raise this issue to KM Bank.
Hi, I applied via SBI Asba and the money is still stuck under lien (I did not get allotment). Pls advice if you have any idea that it will release by today EOD or I need to contact them. For my wife the lien money is released was released on 22nd Dec only however for me it is still not released.
Does it happen everything in UPI or just this time happened? I always apply through ASBA & never faced issue, first time used UPI & funds stuck in axis
414.2. antarix| Link| Bookmark|
December 23, 2021 9:14:13 AM
IPO Guru (1200+ Posts, 800+ Likes)
My amount is also blocked. It was through PNB ASBA. Although today is 23rd.