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What if my amount is blocked twice for a single IPO request?

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What if my amount is blocked twice for a single IPO request?

What if my amount is blocked twice for a single IPO request? You can raise a complaint with the bank/s with the respective Unique Mandate Number provided for the Mandate.

How can I unblock my IPO amount?

Is it after closing date of IPO or before closing date of IPO? The application money is blocked when you apply for the IPO. In case, you withdraw from IPO before closing of the IPO then the amount is immediately unblocked. The blocked money will continue to earn interest but you cannot withdraw it.

What happens if I apply IPO twice?

No, one person cannot apply multiple times through multiple applications for an IPO. It’s a rule and if you apply in an IPO though multiple applications with same name or same demat account or same PAN Number, all of your application will be rejected.

Can we reapply for IPO?

Using Pre-apply, you can apply for an IPO 3-4 days before the bidding period starts. We enable this to ensure that you do not miss out on any exciting IPO bid.

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How can I unblock IPO in PhonePe?

To cancel/revoke an IPO mandate that you’ve authorised using PhonePe:

  1. Log into the broker’s website through which you placed the bid initially.
  2. Select the option to delete or revoke your bid.
  3. Once you’ve submitted the cancel/revoke request, your bid will be cancelled.

When maximum number of days should IPO bid remain open?

When maximum number of days for which IPO bid should remain open is 7 (and minimum is 3), why companies go for less than 7 days bidding (i.e. 3, 4 days generally)? How to apply more than one application in an IPO?

Is my amount for Devyani IPO unblocked?

My amount for Devyani IPO has not been unblocked (I used UPI Mandate). Bank (Union Bank of India) says they cant unblock without the other party initiating unblock request. Registrar says they have sent all instructions for unblocking.

When will ASBA blocked funds for IPO be released?

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ASBA blocked funds for IPO is released after 1 to 2 days of allotment of IPO shares.

What happens if I revoke an IPO mandate request?

On revoke in the IPO Mandate request, the bid amount will be immediately unblocked in your account. This billion dollar startup is changing the way people retire. This Princeton grad’s startup raised $110 million. Its free tool can help you retire comfortably.