Can I directly transfer funds from my bank account and place a bid?

Can I directly transfer funds from my bank account and place a bid?

No, you will not be able to directly transfer funds from your bank account and place the bid. You will first need to add funds to your Belong wallet by transferring money from your bank account. Once the funds are credited to your wallet, you can use the available balance in the wallet to place your IPO bid.

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    • How does the IPO application process work?

      First & foremost, you need to complete your KYC verification on the app. Once this is done, we will activate your Belong wallet & you can add funds to this wallet (in USD). Once funds are loaded into the wallet, you can select the number of lots, ...

    • Why did my bid fail?

      Your bid can fail due to a number of reasons. However, it is most likely that your bid price was lower than the final cut-off price, making your application ineligible for allotment. You can reach out to our support team for further assistance.

    • What is the minimum bid amount?

      The minimum bid size for the IPO is USD 1,000.

    • Can I cancel this bid now?

      Once your bid has been successfully placed, it cannot be cancelled. If you need help or have made an error, you can reach out to our support team for assistance.

    • Once I bid, is my allotment guaranteed?

      No, allotment is not guaranteed. IPO shares are allocated based on overall demand and regulatory guidelines. If you do not receive shares, the deducted funds are released back to your Belong wallet.