When is the application amount blocked for IPO is released in HDFC bank?

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

When you apply for an IPO using HDFC bank ASBA process, the application amount is marked as lien or blocked. This amount is released on the next working day of finalization of allotment.


Add a public comment...