When are funds unblocked by the bank if the IPO is not allotted?

When are funds unblocked by the bank if the IPO is not allotted?

  • The funds are unblocked after the allotment of shares.
  • However, certain banks will unblock the funds only after the mandate end date. 
  • A request ought to be made to the respective bank regarding the release of the funds at any time after the allotment if the shares are not allotted.
  • To check the mandate end date, visit the JPlus app and check IPO details.
  • To check the mandate end date, visit JPlus.jainam.in