- The IPO was open for subscription from September 29th to October 1st.
- The company announced its IPO allotment yesterday, October 6th.
- The initiation of the refund process or the release of the amount in a bank account will start from today, October 7th.
If you have applied for the initial public offering (IPO) of Aditya Birla Sun Life AMC, the IPO allocation has already taken place. The company announced its IPO allotment yesterday, October 6th.
Investors have bid 14.59 crore shares against the offered 2.77 crore shares. Overall, the IPO received a decent response from investors, but qualified institutional buyers and non-institutional investors subscribed the most.
If you haven’t verified whether or not you received the IPO award, click here and follow the procedure.
For those who checked the mutual fund company’s shares and didn’t get them, the refund process will begin today, October 7th.
|Initiation of Refunds||October 7th|
|Crediting of shares to Demat account||8th October|
|Date of listing||October 11th|
After the results of the IPO are published, all applicants who have received an allocation will receive the share on their demat account on the day of listing. And the rest, who unfortunately did not receive the quota, will receive their IPO refund on / before the end date of the mandate.
Usually, each applicant with the phone number registered on the investment platform will receive a message when stocks are blocked and unblocked in their bank account. This indicates whether or not you have received the IPO award.
Most of you would have received a request for the UPI ID when completing the IPO transaction. After submission, investors receive a period of validity. The IPO amount blocked on an investor account is usually unblocked one day after the IPO allocation or before the expiry of the period of validity.
Here is the screenshot of an IPO mandate after the transaction was carried out using the UPI ID that has the validity period of the IPO.
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