Yes, if your IPO application is not allotted, the blocked amount will be automatically unblocked and returned to your bank account. You do not need to do anything manually. This process is managed under ASBA (Application Supported by Blocked Amount) and is completely safe and hassle-free for investors.

Can I Withdraw My IPO Application Amount If Not Allotted?

Yes, if your IPO application is not successful, the money that was blocked in your bank account will be automatically released. This is done under the ASBA system. You don't need to request or apply for a refund. The amount is unblocked within a few working days after the allotment date.

How Long Does It Take to Get IPO Refund?

Usually, the refund process is completed within 4 to 5 working days after the IPO allotment. In most cases, the bank releases the blocked amount within this time. The refund time may vary slightly depending on your bank, but there is no need to worry as the money remains safe and secure during the process.

Do I Need to Contact My Bank for IPO Refund?

No, you do not need to contact your bank. Under ASBA, your money is only blocked and not debited from your account. If you don’t get the IPO allotment, the block is automatically removed by your bank. However, if the amount is not released after a week, you can contact your bank for help.

What Happens If IPO Allotment Fails?

If you do not receive any shares during the IPO allotment, don’t worry. It simply means your application was not selected in the lottery. In this case, the blocked funds in your bank account are automatically released. You can use the same money to apply for other IPOs or investments through Angel One.

Will I Be Notified About IPO Allotment?

Yes, you will get a message or email from the registrar of the IPO or from your bank regarding the allotment status. Angel One also updates your IPO dashboard with allotment details. If you are not allotted, you’ll still get a notification and your money will be unblocked automatically.

Is It Safe to Apply for IPOs Through Angel One?

Yes, it is 100% safe to apply for IPOs using Angel One. Your funds are protected under ASBA, and Angel One is a trusted broker in India regulated by SEBI. The IPO process is simple, transparent, and safe for every investor.

What Is ASBA in IPO Application?

ASBA means Application Supported by Blocked Amount. It is a method where your IPO application money is only blocked, not deducted. The amount stays in your account and earns interest if it's a savings account. If you don’t get allotment, the block is simply removed.

Can I Cancel My IPO Application Before Allotment?

Yes, you can cancel your IPO application before the end of the IPO closing date. If you cancel on time, your blocked amount will be released immediately. After the closing date, the application cannot be canceled, and you’ll have to wait for the allotment result.

Can I Use UPI for IPO Refunds?

Yes, if you apply using UPI, the amount is blocked in your UPI-linked bank account. If you don’t get the IPO allotment, the same UPI account will be unblocked automatically. You will receive an SMS from your bank once the hold is released. UPI makes IPO investing quick and simple for retail investors.