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Does anybody have any thought about this refund?
Harsh, are you able to elaborate on the context?
I utilized for this WAAREE ENERGIES IPO, which has not been allotted however the quantity has nonetheless not been withdrawn.
What is likely to be the explanation or Is anybody dealing with the identical situation?
The quantity is withdrawn provided that you get the IPO allotment. While you settle for the UPI mandate, the funds are blocked in your account however stay there. In the event you don’t get the allotment, the funds are unblocked. That’s why the message says “Funds not withdrawn.”
Okay, then why my different’s IPO standing are identical as “Mandate Revoked”?Not Allotted, Verify this
It exhibits that the IPO mandate expired on twenty third October. What time did you settle for the UPI mandate request?
Hello @Harsh_Bangari
If the funds aren’t blocked, they need to’ve been launched by now. Would request you to examine along with your financial institution as soon as sir. We’ve defined intimately in our article.
help.zerodha.com
When are funds unblocked if the IPO was not allotted?
When are funds unblocked if the IPO was not allotted?
No, @Meher_Smaran , on this case, twenty third October was the final day for IPO purposes. He utilized and accepted the mandate request on twenty third October at 10:37 am, and the funds have been unblocked on the identical day. Nonetheless, the refund initiation date was twenty fifth October (I imagine), and the mandate finish date was seventh November. So, why have been the funds unblocked on twenty third October itself?
I believed it might be as a result of he accepted the mandate after 5 pm that day, however he talked about accepting it round 10:37 am. What might be the explanation for this?
Harsh_Bangari:
I utilized for this WAAREE ENERGIES IPO
I ended utilizing GPay for enormous funds. There’s virtually no help from them, and their app does these things many instances. Its a ache within the a. Gpay is finest for paying bhelwaala and for milk.
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