IPO Not Allotted? Refund Not Received? It's Time to Understand ASBA | BSE India

What to do if your IPO not allotted, refund not received? On some days, your IPO share allotment may not be completed on the same day. But this doesn’t mean you need to worry about your IPO application being rejected. Nor does it mean your IPO refund not received. Here is how to get refund if IPO is not allotted: It works almost like a taxi fare, you only pay after your ride is completed. This has been made possible through Application Supported by Blocked Amount (ASBA). Application Supported by Blocked Amount (ASBA) is a method of IPO application created by SEBI. After you apply through ASBA as an investor, your funds are only taken out of your bank account if your application is chosen for allocation. In the event that you do not recieve allotment, your money in the bank account is unfreezed. For applying in IPO of the company SEBI has made ASBA mandatory. Qualification Standards for ASBA The following are a few requirements to be eligible for ASBA: You are a residential investor from India. Your bank account should be adequately funded. You should not bid under any of the reserved categories. You need have a trading account, a Demat account, and a valid PAN. You must apply through the bank account's funds being blocked by self-certified Syndicate Banks. You have one choice for how many shares to bid for, thus you should place your bid at the cutoff. At BSE India, we hope this information found you at the right time, dear investor! You don't have to worry if your IPO not allotted, refund not received! Chapters - 00:00 - Intro 00:15 - IPO Not Allotted? Refund Not Received? 00:48 - ASBA - Application Supported by Blocked Amount 01:19 - Mr. Mane Says Relax!