What if my share allocation is successful for an IPO?

If your share allocation is successful,

• The amount blocked in your account for the IPO will be automatically deducted and sent to the IPO company through stock exchange
  Note: Only the amount for the shares that have been allocated to you will be deducted from your bank account. 
• Your shares will be credited to your demat account (visible on the broker’s platform) one day before the listing day on stock exchange