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.
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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.
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.
Will my funds be refunded if I don’t get an allotment?
Yes. If you do not receive an allotment, the blocked amount will be released back to your Belong wallet. There will be no additional charges for the same.
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.
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.