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Check our SME IPO Guide
The initiation of IPO refund is expected to be done within four working days of the issue closure.
IPO refund dates/Unblocking dates of IPO funds are specified in the Red Herring Prospectus (RHP) for each issue. Please see the table below for an overview of the IPO reimbursement in each scenario:
Reason | Timeline |
---|---|
1. Listing Permission not received |
Within 4 days of receipt of intimation of rejection of listing from stock exchange/s. |
2. Failure to reach the minimum subscription of 90% of the net offer. 3. Minimum no. of allottees is less than 1,000. 4. At least 75% of the allotment to QIB is not made through the mandatory book-building method. 5. No Allotment. |
Within 4 days of issue closure. |
6. IPO Cancellation Refund |
Generally within 1-2 days of cancellation or expiration of the UPI mandate (if applicable) |
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