After the closing of an IPO, the finalisation of allotment happens by the third working day also, called the basis of allotment date. On the fourth working day, investors get intimation of refunds, and on the fifth working day, shares get credited to investors demat account.
What happens when an IPO is allotted? Print
Modified on: Thu, 16 Dec, 2021 at 11:50 AM
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