I have applied for Zomato IPO on 16th of July via ASBA facility using SBI Net banking. I did not receive any email from the exchange regarding bid details confirmation for the same.
I have saved the IPO application acknowledgement receipt from SBI and also the bid amount has been blocked in my SBI account. Is it that SBI did not upload IPO bid details on the bidding system of exchanges?
1. Emails don't always come from the exchange. It's not reliable.
2. Once you submit the IPO application in SBI net banking, you get an application number from the exchange (between 10 AM to 5 PM only). This application number is confirmation of your application being accepted.
3. You could always visit BSE or NSE website to reconfirm your IPO application bid.
4. If your application is visible on the allotment page of the registrar, it means it was submitted to the exchange.
Note: As per a leading register, sometimes it happens that banks fail to upload the bid or fail to block the requested funds. This results in to application cancellation.
I have saved the IPO application acknowledgement receipt from SBI and also the bid amount has been blocked in my SBI account. Is it that SBI did not upload IPO bid details on the bidding system of exchanges?