IPO Refund on WebNotes

How to fix an IPO refund not received on Zerodha

Sat, 20 Jun 2026 00:00:00 +0000

An IPO refund not received on Zerodha almost always means an ASBA lien that the bank has not yet lifted, not money that has gone missing. Under UPI ASBA , your bid amount was never debited; the bank placed a hold on it. After a non-allotment , the registrar instructs the bank to release that hold, and your available balance is restored. When the “refund” seems not to have arrived, the lien is usually still in place at the bank, and the fix is to track it and, if it stalls, escalate through Zerodha, then the bank, then SEBI. This guide sets out the timeline, why a stall happens, and the exact escalation order.

What happens after an IPO bid is placed

Sat, 20 Jun 2026 00:00:00 +0000

After an IPO bid is placed, the application moves through a fixed sequence: a UPI mandate you approve, a lien placed on your bank account under ASBA , the bid forwarded to the exchange where it counts towards subscription, the basis of allotment finalised by the registrar , and then either a debit and demat credit if you are allotted or a release if you are not, ending in listing. The whole cycle runs to a SEBI-mandated T+3 timeline, three working days from the issue’s close to the start of trading. This article walks each stage so you can read your bank balance, your Kite bid card, and the allotment portals against where the application actually is.

How to release blocked IPO funds after non-allotment

Tue, 12 May 2026 00:00:00 +0000

In the UPI ASBA mechanism, the money in your bank account is never transferred to the issuer at the time of the IPO bid. Instead, the sponsor bank places a lien (a block or hold) on your savings account for the bid amount. The book balance of your account does not change; only the available balance decreases. The lien earns savings interest at the same rate as the rest of your balance.