Can I sell my shares after the bid allotment?
You can sell your IPO shares after the company is listed on the exchange. The execution of any order will depend on the available liquidity and market demand on the exchange at that time.
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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.
When will I know the allotment status of my bid?
After the IPO bidding period closes, the allotment process is typically completed within a few days. Investors will be notified through the app once the allotment status is available.
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 allotment date for the IPO?
The allotment date will be announced after the IPO bidding period closes. Once finalised, the allotment status will be available and investors will be notified via the app.
What is the difference between bid price and cutoff price?
The bid price is the price per share you choose within the IPO’s price band; it is essentially the maximum you’re willing to pay. The cut-off price is the final issue price decided after the IPO closes; based on demand. If you select “Cutoff”, you ...