How to get IPO refund?

Investors do not need to submit any request to receive the IPO money.

In the case of ASBA bids, the blocked amount will be released from the investor's account. In the case of UPI bids, the mandate will be revoked. In other cases, which usually apply to anchor investors, the amount will be credited electronically, either through NACH, RTGS, NEFT or direct credit. The initiation of refund by the issuer is done within four working days after the closure of the issue.

The Registrar instructs the SCSB to unblock the required amount or refund the amounts to the investor as soon as the allotment is completed.

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