IPO Not Allotted? Refund Not Received? It's Time to Understand ASBA | BSE India
What to Do If Your IPO Amount Is Not Refunded or IPO Is Not Allotted? When your IPO share allotment is delayed, it’s natural to wonder, “Why IPO is not allotted?” But there’s no need to worry. A delay in IPO allotment doesn’t mean your application is rejected or that the IPO amount not refunded will be a permanent issue. Let’s break it down for you! The Application Supported by Blocked Amount (ASBA) process, introduced by SEBI, ensures that your funds remain secure. ASBA ensures your funds are blocked but not debited until your IPO application is successfully allotted. If your IPO is not allotted or the issue is withdrawn, the blocked amount is released back into your account, resolving concerns about the IPO blocked amount not refunded. Eligibility for ASBA To make sure your application follows SEBI’s ASBA requirements, ensure that: You are a resident Indian investor. Your bank account has sufficient funds. You are not applying under reserved categories. You have a valid PAN, trading account, and Demat account. Your funds are blocked through self-certified Syndicate Banks (SCSBs). You place your bid at the cutoff and have one bid option. ASBA, a mandatory requirement since 2016, protects investors by ensuring they pay only when their application is successfully processed. If you’re wondering “Why IPO is not allotted"" or concerned about the IPO amount not refunded, ASBA is the safety net that keeps your funds secure. At BSE India, we’re committed to empowering investors with the right information. Knowing how to resolve situations like an IPO blocked amount not refunded can help you stay confident in your investment journey. Remember, every IPO experience is an opportunity to learn and grow as an investor. With ASBA, you’re in safe hands! Chapters - 00:00 - Intro 00:15 - IPO Amount Not Refunded 00:48 - ASBA - Application Supported by Blocked Amount #IPORefund #ASBA #InvestorSafety #BSEIndia #StockMarketTips #IPOAllotment #InvestSmart #BSE 01:19 - Mr. Mane Says Relax!
