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Business News/ Markets / Avalon Technologies IPO allotment: Shares not allotted? Here's how the refund will work
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Avalon Technologies IPO allotment: Shares not allotted? Here's how the refund will work

The refund process for those who did not get shares will begin on Thursday, April 13.

Avalon Technologies Ltd IPO: Those allotted shares will get them in their Demat accounts before April 17.Premium
Avalon Technologies Ltd IPO: Those allotted shares will get them in their Demat accounts before April 17.

The Avalon Technologies Ltd's initial public offering (IPO) share allotment took place on Wednesday, April 12.

The shares will get listed on the bourses on Tuesday, April 18. If you applied for the shares, here's how you can check allotment status.

Those allotted shares will get them in their Demat accounts on Monday, April 17.

The refund process for those who did not get shares will begin on Thursday, April 13.

When will you receive your IPO refund?

On the end date or expiry date of the mandate, the blocked funds will be released if the shares have not yet been assigned to you.

How to check refund status?

When applying, you approve the IPO mandate, and a sum equal to the IPO cost is blocked from your bank account. You may find the date of your IPO refund, which is on or before the end of your mandate, on your mandate page or the homepage of the Unified Payments Interface (UPI) app.

The approved mandates and the most recent date can be seen by logging into your UPI app.

Only after the deadline for the mandate has passed can you file an IPO refund complaint. You can get in touch with your broking platform and file a complaint if you haven't got your refund by the deadline.

 

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Published: 13 Apr 2023, 08:58 AM IST
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