From December 21 i.e. today, the company s IPO refund or unblocking of funds from the ASBA account will begin and equity shares will be paid to allotters’ accounts on December 22.
The portion reserved for retail investors was subscribed 1.13 times, while the QIB portion was booked 8.49 times. On the other hand, NII was subscribed 3.02 times.
The investors get a validity period while paying for the shares. The IPO amount is usually refunded one day after the IPO allotment or before the end of the validity period.