If it's oversubscribed, and if shares are not allotted to you, you will get the refund in one-two day before the listing.
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The excess money should get alloted to you before listing and you should able to trade on the opening day itself.Quote:
Queries -
2- In partial payment option in some cases, extra money paid at the time of application, when is it returned back [usual time frame]?
What is the max limit of amount (application money) per application?
I have applied Coal India IPO for Rs.50,000/-. Now I wanted to increase it to max retail limit of Rs.1,00,000/-.
1- Do I have to make another application?
2- Can I withdraw my old application (Rs.50,000/-) and apply with fresh application of Rs. 1,00,000/-
Please suggest.
Only one application is allowed for one person. If you apply than your application would be rejected.
You can withdraw. But it will have an impact on the fresh application, because your name is already in their data for old application, so new application might got rejected due to two application.Quote:
2- Can I withdraw my old application (Rs.50,000/-) and apply with fresh application of Rs. 1,00,000/-
Please suggest.
So best option is to keep old application.
Where can we see the latest subscription figures of an IPO?
Go to http://www.nseindia.com/