Called the bank. Told me that after the revocation of mandate, the amount should unblock in 3 working days. My mandate is still not revoked. Also told me to take the problems to the merchant (Zerodha in my case) as they don''t have any more data. Worst case, mandate will expire and amount will unblock after 9 march.
The end date for UPI mandates for the IPO is 15th Feb, 2021. Your bank is supposed to release the blocked amount automatically by the mandate end date. In case the release is not processed by your bank, you can escalate it at ipo.upi@npci.org.in to NPCI.
Regards, Team Zerodha
I copied and pasted from my mail. Hope, this will help you.
@ msreddy : It is bank fault . It is happened to me also earlier with ICICI bank . They not processed your application . You need to wait till the default date captured in the system . Normally when allotment not done they will receive the intimation from register to remove the lien . In your case i feel they not processed it so their is no intimation from registered . Even bank executive they don''t know the process about lien marking and removing . They will tell you only what they will see in their system .
Hi BLR, Yes the bank has no response from their side, and the money is still not unblocked I guess I need to wait till the end of the mandate for this. Anyone else facing the same issue?
884. RajBreaks| Link| Bookmark|
February 28, 2021 12:02:53 PM
Top Contributor (300+ Posts, 300+ Likes)
I Think, All Retailers Must Have Been Given Credits. Listing Day Pe Jaldbazzi Nehi Dekhaya Bechna Ka. Thodasa Patience Agar Next 1-2 Weeks Ke Liye Dekha Saakte Ho Naa Bech Ke. Then I Beleive It Can Cross Rs150. Waise Bhi Good Stock To Be Invested For 1-2 Years or More For Good Return.
Reason: With so many PSU''s expected to be disinvested in 2021. If RAILTEL follows IRFC pattern only Anchor investors will have to buy all PSU stocks on IPO till LIC disinvestment happens. So we will discuss on 26th Feb 2020 evening ,I am predicting RAILTEL GMP to go up in next week and a bumper Listing.
That''s an interesting view. If Railtel also doesn''t list with premium, upcoming PSU IPOs maybe ignored by RII.
882.3. arunARUN| Link| Bookmark|
February 21, 2021 1:46:30 PM
IPO Guru (1900+ Posts, 1600+ Likes)
each issues trades on perceived strengths and weakness which causes demand and supply. Considering dividend in IRFC and ex dividend price it has already crossed the benchmark of IPO price. But some would still want to trade above 26 only. Let them wait
Had told you ,it will be a good listing,. a 25-26% gain on listing day is a very good gain ,especially when its predecessor IRFC had a negative lisiting . Railtel may see a positive in this week also, after that don''t keep it, as business profile is good but management thinking and business strategy is limited.They are not even thinking of how to leverage 5G which will fall in their lap( without them know what to do with that golden opportunity). This is what happens when you keep such management. Anayways ,my suggestion sell in this week if you have kept it.
Once the game is over no one care where is is headed too... Look at Burger King, available at 140''s...why people not buying now? It hit UC''s back to back to reach 220''s... why not buying when its in 140''s.... Its all about the game!
26-Feb-21 RAILTEL Railtel Corp of Ind Ltd NIPPON INDIA MUTUAL FUND - MULTI CAP FUND BUY 2000000 116.13 - 26-Feb-21 RAILTEL Railtel Corp of Ind Ltd GOLDMAN SACHS INDIA FUND LTD BUY 3709685 113.57 - 26-Feb-21 RAILTEL Railtel Corp of Ind Ltd NIPPON INDIA MUTUAL FUND BUY 5000000 109 -
Rest all usual traders buy/sell
881.2. BubbleBoy| Link| Bookmark|
February 26, 2021 9:53:21 PM
Top Contributor (400+ Posts, 100+ Likes)
Hmm good. 1.07 cr shares bought by DIIs worth 120cr+.
Plzz help......My application mandate was failed but money seems in lien amount. whom shall i contact for refund? Tried calling registrar customer care but it always disconnects.
Where have you seen the negative listing boss. It opened at 109 on Nse. It''s a stellar listing for a PSU company considering the market conditions what people say it as "Blood Bath".
But, Retailers Chaye Toh Issko 35-40% Gain Tak Aram Se Le Jaa Saakta Hai.
Company Accha Hai, 3Months Mei Kam Se Kam 150rs Tak Jaane ka Chance Bahat Hai. Specially Rail Service Ekbar Acche Se Chalu Ho Gaya ... Then This Gonna Fly. So, Nothing To Loose. Retailers Kal 11pm Tak Wait Karo Yea Maan Bana Lo Kam Se Kam 5000Rs / Lot Profit Ke Niche Nehi Bechoge. QIB & NII ka Kafi Interest Hai.
So, Thoda Dum Lagake Yea Short Term View Leke Isse Opening Hotei Becho Maat.
868.1. RajBreaks| Link| Bookmark|
February 26, 2021 11:35:09 AM
Top Contributor (300+ Posts, 300+ Likes)
Retailers Aaj Bahat Bahat Samajhdhari Dekhaya. Jisska Result IPO Price Bhi Upar. Thodah Aur Tight Ho Gaya Toh Kuch Dino Me Isska Tgt 150rs Ke Pass Bhi Aane Wale Hai Thoda Up Down Ko Adjust Karke.