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Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

What is IPO refund?

IPO Refund is unblocking/credit of funds that were blocked/debited while applying for an IPO.

The IPO money will be returned in case of the following scenarios:

  • Cancellation of IPO bid.
  • Non-Allotment.
  • Non-achievement of minimum subscription, minimum allottees.
  • Listing permission not granted.
  • Failure to allot a minimum 75% of QIB under QIB route.