FREE Account Opening + No Clearing Fees
Loading...

Feedback Message Board



1 Comments

1. Dinesh   I Like It. |Report Abuse|  Link|November 9, 2021 9:26:46 AMReply
I got allotment in nykaa ipo but in my phonepe its showing upi mandate is failed will shares credit or not and what about money
1.5. Rohit   I Like It. |Report Abuse|  Link|November 26, 2021 12:20:05 PM
Do u got shares then?
1.6. Ritesh Khokhani   I Like It. |Report Abuse|  Link|December 18, 2021 3:09:58 PM
Sometimes, due to technical issues from your bank’s end, the UPI mandate might fail even if you have received the IPO allotment.

The registrar shares an allotment file with the banks based on which funds are debited from the account. In case the bank is facing technical issues, it will re-attempt the debit. The onus is on the bank to ensure that funds are debited from your bank account and given to the issuer’s bank.

Even if your funds aren't debited, the shares credited to your demat account will be available for selling on the listing date.