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If an IPO shares does not get allotted to me, due to over subscription, will there be any charges for the refund of the money ? Or will it get full amount ? and what is the timeline of getting refund back to my account ? FAQs's Messages

1 Comments

1. Chidambaram

| Link|September 28, 2020 4:59:10 PMReply

Iam unable to subscribe for upcoming ipos since My Money also Blocked by ICICI for IPO subscription of Happiest Minds.
I use Zerodha account. I made Payment via UPI BHIM.

When i spoke with zerodha customer care they said bank is solely responsible.

Then i tried to reach phone banking IVR diverts to credit card section only after a long struggle (spending Rs.45 as call charge) able to reach savings bank account section, he adviced to visit nearest bank as they are operating with minimum strength unable to help now.
Iam writing this on 28-09-2020 Mandate date end for Happiest Minds IPO is 27-09-2020
iam confused will bank return or not ?
delay in payment blocks me from other ipo subscriptions as well.
i have my credit card dues as well .

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1.2. Kartik

| Link|October 1, 2020 7:51:12 AM

I also have the same issue, talked to Zerodha, then icici bank people but they are saying to call npci or kfintech .
I have mailed them too but till now no response. Amount is blocked and today its 1oct and till now , didn't get the refund.

1.3. ALEKH PANDEY

| Link|October 2, 2020 1:54:43 AM

Hey hi bro even same thing has happened with me why they aren't paying back money of investors what should we do ? contact bank? from which i have applied ipo - my bank is SBI