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I am first time applied ipo,
Please advise, payment after allotment hota hai kya

Dear Vimal,
You can apply in any IPO via bank (using ASBA) or the broker (using UPI). When you apply the amount is blocked in your account for that IPO until allotment and if you get allotment the amount is withdrawn from your account but if you are not allotted then your blocked amount is released by your banker on receiving the refund request from registrar of an IPO.

Yes of course .once you applied its blocked by your bank doesnt reflect in your account but deduct only after allotment otherwise unblocked by your bank if not alloted.