When will I get the allotment/ refund of shares?

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The issuer is required to complete the refund process within four working days and allotment process within five working days of the closing of the issue.

For example, if the offering window for the IPO closes on March 15, 2023, the issuer will have to refund the funds in case of non-allotment by March 21, 2023, and credit the shares to the Demat account of allotted shareholders by March 22, 2023.

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Topic: IPO Allotment Feedback

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