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1 Comments

1. Vinod Antin   I Like It. |Report Abuse|  Link|December 17, 2020 8:32:13 AMReply
If I apply for an IPO using ASBA, and money is not in the account on the date of application, and the money is deposited two days before allotment is that okay.
1.1. Kartik   I Like It. |Report Abuse|  Link|January 21, 2021 11:33:03 PM
The funds are blocked in your bank account as soon as you apply for the IPO. Hence you need to have money in your bank account for applying. Hope this helps.

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