When will the money credited back into account in case if don't get allotment?

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At ICICIdirect.com, IPO application is applied under ASBA and so the money only gets blocked once you apply in the IPO. In case shares gets allotted, the value of shares allotted gets debited and remaining funds if any, gets released/unblocked. This generally happens on the 5th working day post closure of IPO.

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Topic: ICICIdirect Broker IPO Review

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