scorecardresearchGlobal Surfaces IPO allotment: Shares not allotted? Here's how the refund

Global Surfaces IPO allotment: Shares not allotted? Here's how the refund will work

Updated: 20 Mar 2023, 05:35 PM IST
TL;DR.

The refund process for those who did not get shares will begin on Tuesday, March 21.

Global Surfaces Ltd IPO: 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.

Global Surfaces Ltd IPO: 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.

The Global Surfaces initial public offering (IPO) share allotment took place on Monday, March 20.

The shares will get listed on the bourses on Thursday, March 23. If you applied for the shares, here's how you can check allotment status.

Those allotted shares will get them in their Demat accounts before March 23.

The refund process for those who did not get shares will begin on Tuesday, March 21.

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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Opening a Demat account
First Published: 20 Mar 2023, 05:35 PM IST