scorecardresearchSah Polymers IPO: Didn't get share allotment? Here's how the refund will work

Sah Polymers IPO: Didn't get share allotment? Here's how the refund will work

Updated: 10 Jan 2023, 12:40 PM IST
TL;DR.
  • The refund process for Sah Polymers IPO will start on Tuesday, January 10 for applicants who checked their share allocation status but were not given shares.
Sah Polymers Ltd IPO: Refunds for those who did not get shares will begin on Tuesday, January 10 and end on or before the mandate.

Sah Polymers Ltd IPO: Refunds for those who did not get shares will begin on Tuesday, January 10 and end on or before the mandate.

The Sah Polymers Ltd initial public offerings' (IPO) share allotment ended on Monday, January 9.

The company is all set to list on the bourses on January 12, 2023. If you applied for the shares, here's how you can check allotment status.

Everyone who participated in the Udaipur-based company's IPO will get their allocated shares in their Demat accounts before January 12.

When Will You Receive Your IPO Refund?

Refunds for those who did not get shares will begin on Tuesday, January 10 and end on or before the mandate.

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 to 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.

You will soon receive your IPO refund.

 

Article
Opening a Demat account
First Published: 10 Jan 2023, 09:11 AM IST