Tips on how to get refund if Nykaa IPO not allotted


  • The IPO was open for subscription from September 28 to November 1.
  • The corporate introduced the allotment of IPOs yesterday, November 8.
  • Initiation of refund process or unblock of quantity in a checking account will start from at present, November 9.

For those who had utilized for trend and sweetness ecommerce platform Nykaa preliminary public providing (IPO), the IPO allotment has been already performed. The corporate introduced the allotment of IPOs yesterday, November 8.

The corporate obtained large demand from buyers, who had oversubscribed the IPO by 82.42 occasions. General, the IPO has obtained bids for 216 crore fairness shares towards the IPO dimension of two.62 crore fairness shares.

When you’ve got not checked whether or not you obtained the IPO allotment or not, click on right here and observe the process.

For many who checked and haven’t been allotted the shares of the mutual fund firm — the initiation of refund process will start from at present, November 9.

Initiation of refunds November 9
Credit score of shares to demat account November 10
IPO itemizing date November 11

As soon as the IPO result’s launched, all of the candidates who bought allotment will obtain the share of their demat account on the date of itemizing. And the remaining, who sadly didn’t get the allotment will obtain their IPO refund on/earlier than the top date of mandate. Often, with the registered cellphone quantity on the funding platform, each applicant will get a message when shares are blocked and unblocked of their checking account. This means if one has obtained the IPO allotment or not.

Most of you’d have obtained a request for UPI ID whereas finishing IPO transaction. After the submission, buyers will obtain a validity interval. The IPO quantity which is blocked in an investor account often will get unblocked in the future later the IPO allotment or earlier than the top of the validity interval.

Right here is the screenshot of an IPO mandate after the transaction is made by the UPI ID that has the validity interval of the IPO.

Zerodha

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