Will my funds be refunded if I don’t get an allotment?

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.
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    • 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.
    • Will my money be deducted immediately?

      Yes. The bid amount is deducted from your Belong wallet right when you place the bid. In the event that you do not receive an allotment, this would get refunded back to the Belong wallet.
    • I don’t have access to this email ID, what should I do?

      Without access to this email, you won’t be able to receive the verification code and complete your investment. It’s best to contact 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.
    • 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.