IPO Refund: Explained Process and Timelines

Curious about the duration for receiving an IPO refund? Refunds follow SEBI rules via the ASBA process or UPI mandates. If you don't receive an allotment of shares, the frozen funds are typically released within 3 to 5 business days. However, processing times at banks can differ, so it's best to ask your bank for updates. To monitor any delays, check the status of your UPI or bank transaction. If your refund is delayed, reach out to your broker or bank for assistance. Knowing how the IPO refund process works helps to ensure smooth transactions and prevents unnecessary holdups.