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.
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.
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.
No, you don't need a demat account to apply for the IPO. However, once the shares have been allotted, then you will need to open a demat account in GIFT City to receive the allotted shares. On successful allotment, Belong will facilitate the opening ...
The “Applied” tab shows IPOs that are still open or awaiting allotment. The “Completed” tab includes IPOs where the allotment process has been finalized, irrespective of share allotment.