In case of non-allotment, most banks unblock the ASBA funds and provide refunds within 24 to 48 hours of the allotment/refund date. You can contact the registrar/bank if you do not get the refund in 7-10 working days.
Shares credited to your Demat account by end of day. Check under 'Holdings' in your broker app.
ASBA amount unblocked by your bank. Funds will reflect in your account within 1-2 business days.
Shares available for trading from market open (9:15 AM). You can sell on listing day.
You can view it online via the Bigshare Services dashboard. Put your valid application reference identity number to load details. The information becomes visible right after final processing finishes.
The system begins releasing application funds on the first day of June. The banking system removes the hold automatically from your account. No manual tracking is needed.
The registrar simply updates your allocation balance status to zero. Your blocked banking funds become fully available for generic use again. You can use them for other upcoming issues.
The assets reach your linked depository folder on the credit date. You can shift them later using standard online delivery instruction slips. Your broker can guide you through the process.
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