If you applied for an IPO and did not get any shares, the refund is processed automatically. The amount blocked in your bank account through ASBA (Application Supported by Blocked Amount) will be unblocked. You don’t need to do anything. The money will be available in your account usually within 3 to 5 working days after the allotment date.

How does IPO refund work?

When you apply for an IPO, your money is not immediately debited. It is just blocked in your account using the ASBA process. If you don’t get any shares, the blocked money is automatically released by the bank. You don’t have to manually apply for a refund. The unblocking happens within a few days after the allotment is done.

How many days does it take to get IPO refund?

The refund usually happens within 3 to 5 working days after the IPO allotment date. In most cases, the money is unblocked even faster. You can check your bank balance or account statement to confirm if the amount has been released. No need to contact the company or registrar unless there is a delay.

Where does the IPO refund go?

The IPO refund is credited back to the same bank account from where you applied. Since the money was never fully debited (only blocked), it just gets released back. You can use it again for other transactions once it is unblocked.

What if IPO refund is delayed?

If your IPO refund is delayed for more than 7 working days, you should first contact your bank. If they say the amount is still blocked, contact the IPO registrar. You can find the registrar’s contact details in the IPO prospectus or on the stock exchange website. In rare cases, you might also contact your broker.

Can you apply again if IPO shares are not allotted?

Yes, if IPO shares are not allotted to you, you can apply in upcoming IPOs again. Many investors apply to multiple IPOs to increase their chances of getting shares. Make sure your demat account and bank account details are correct and active when you apply again.

How to avoid IPO allotment rejection?

To avoid IPO allotment rejection, always make sure your PAN card, bank details, and demat account are correctly linked. Apply within the IPO window and maintain enough balance in your bank account. Avoid using multiple applications from the same PAN to prevent rejection due to duplication.