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When are funds unblocked by the bank if the IPO is not allotted?
When are funds unblocked by the bank if the IPO is not allotted?
The funds are unblocked after the allotment of shares.
However, certain banks will unblock the funds only after the mandate end date.
A request could be made to the respective bank regarding to the release of the funds, at any time after the allotment; if the shares are not allotted.
To check the mandate end date, visit space app and check IPO details.