After the IPO shares are allocated, technical issues with the bank might cause the UPI mandate to fail. The registrar sends the allotment file to the bank, and the required funds are deducted. However, even if the funds are not deducted, the shares credited to the demat account can still be traded. If technical issues prevent the funds from being debited initially, the bank will make another attempt at a later time.
Why did the UPI mandate fail even when the IPO was allotted? Print
Modified on: Tue, 18 Jun, 2024 at 12:29 PM
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