How do I get a refund if IPO is not allotted?

If someone is not received IPO refund, there are few easy step which one can follow to get IPO refund.

1. Visit Registrar’s local office or call your nearest branch to file a written complain.
2. You can send the following information to registrar through an email.
3. File your complain online with ‘SEBI’ using following steps:

What happens if no shares allotted in IPO?

In case shares are not allotted/ partially allotted, the amount paid would be refunded. The amount is deducted only when the shares get allotted. Only the amount for which the shares have been allotted would be deducted from the bank and not the total value of shares which were applied for in the IPO.

What happens if an IPO payment fails?

In case of a technical decline, you need to reinitiate the payment process from the IPO Portal. The transaction can be re-initiated by approaching the the same intermediary to which you had submitted the application form.

How long does it take for IPO refund?

It usually takes 3 to 10 days to get IPO refunds after IPO allotments are done by the registrar of the IPO.

How do I know if IPO is allotted or not in ICICIdirect?

You can check the IPO Allotment Status on ICICI direct website. Please follow the steps below: Go to http://www.ICICIdirect.com….ICICI Direct IPO Allotment Status

1. Trade & Invest >> IPO >> History >> Order Book.
2. Enter the form date, to data and status (say Executed). Click ‘View’ button.
3. Find the IPO Allotment Status.

What is refund initiation in IPO?

When you apply for an IPO online, the application amount is blocked in your account. You cannot withdraw that amount. This amount will be locked till the allotment is finalized for an IPO. In case, you are applying offline through a cheque then the refund process starts after the finalization of basis of allotment.

When shares are allotted they will be credited to which account?

An allotment mail will be sent on the registered email id on the day of allotment or day prior to listing. Shares will be credited in the demat account number mentioned on the application form.

How do I check my ICICIDirect shares?

Steps to check bonus shares in ICICI Direct

1. Login to ICICIDirect.com website.
2. Expend ‘Portfolio & Services’ in the left navigation bar.
3. Click on ‘Portfolio > Equity ‘
4. Click on the required stock symbol hyperlink.
5. Check the details of the bonus shares credited.

How can I cancel my Icici Direct IPO?

Steps to Cancel IPO Application in ICICI Direct

1. Log in to ‘ICICIDirect.com’
2. Click on the ‘IPO’ link in the left navigation bar.
3. Click on the ‘order book’ under the IPO section.
4. Select the IPO Application and click on ‘Withdraw application’ or ‘Revise bid’.
5. Click on ‘OK’ on the confirmation window.

How can I get an IPO refund from the issuer company?

The issuer company, lead manager or broker are not responsible for this and should not be contacted for the same. If someone is not received IPO refund, there are few easy step which one can follow to get IPO refund. 1. Visit Registrar’s local office or call your nearest branch to file a written complain.

How to file complaint with SEBI for IPO refund or allotment?

For IPO investors having difficulties receiving IPO refund or IPO allotment and registrar of IPO not responding, SEBI introduced an online complain management system. Click here to file complaint with SEBI.

What happens if my tax refund check was not cashed?

If the check wasn’t cashed, you’ll receive a replacement check once the original check is canceled. If the refund check was cashed, the Bureau of the Fiscal Service (BFS) will provide you with a claim package that includes a copy of the cashed check.

How do I file a complaint against the IPO registrar?

1. Visit Registrar’s local office or call your nearest branch to file a written complain. Make sure that you have a written application ready with all the detail before contacting Registrar’s office.You can get the registrar’s contact information on IPO detail page of our site.