How much time it takes for IPO refund?

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As a rule, the IPO refund initiation takes 4 working days after the closing date of the issue.

Once the allotment is completed, it is the Registrar's duty to inform the bank of the allotment status and accordingly initiate for refunds in case of partial allotments and non-allotments. The Bank and Registrar must work closely together to ensure smooth and timely processing of refund amounts/release.

If there are any delays, contact the concerned bank or the Registrar of the IPO for the status of the IPO refund.

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Topic: IPO Funds Unblocking Feedback

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