When does the IPO mandate is generally received and how to know about it?

When does the IPO mandate is generally received and how to know about it?

  • If an order for an IPO is placed between 10:00 AM to 4:30 PM then, usually the mandate will be received on the same day while on the other hand if the order is placed after 4.30 p.m. then the mandate will be received in next working day.
  • Generally, it takes around 1 hour to receive IPO mandate request however it may take maximum up to 24 hours.
  • the mandate request is not sent within an hour of successful application submission, it is advisable to delete or modify and resubmit the application
  • Usually, an IPO Mandate request expires after 24 hours.
  •  The applicant can get to know about the mandate request through: - 
    1. Visiting the UPI app and going through the notifications.
    2. SMS received by the Stock Exchange.
    3. SMS is also received by Space Jainam regarding to acceptance of mandate request.
    4. Space app also show this as Notification.