HELP! Cancelled IPO order but amount still in blocked state

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11 Dimers

Deal Cadet

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bella_ciao 2020-12-14

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I did the same. I think it will be unblocked by 23rd.This is the mail I received for the same
The end date for UPI mandates for the Burger King IPO is 23rd December. Your bank is supposed to release the blocked amount automatically by the mandate end date. In case the release is not processed by your bank, you can escalate it at [email protected] to NPCI.

Deal Subedar

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rohan8397 2020-12-14

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bella_ciao wrote:
I did the same. I think it will be unblocked by 23rd.This is the mail I received for the same
The end date for UPI mandates for the Burger King IPO is 23rd December. Your bank is supposed to release the blocked amount automatically by the mandate end date. In case the release is not processed by your bank, you can escalate it at [email protected] to NPCI.

And how did you complain?

Deal Cadet

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bella_ciao 2020-12-14

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rohan8397 wrote:
And how did you complain?

I didnot complain. I received this mail next day after ipo allotment result automatically.

Deal Lieutenant

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vishusgh 2020-12-14

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Anyone else got refund?
i booked through phonepe (icici), my money also got stuck.

Deal Cadet

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dealcracker25 2020-12-14

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I got refund. Booked through Gpay

Deal Cadet

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nikhil9702 2020-12-14

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dealcracker25 wrote:
I got refund. Booked through Gpay

mine also stuck
applied but not got allotment
paid via imobile(icici bank)

how much time it took to refund?

Deal Subedar

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Nationalist 2020-12-14

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Burger bhi nhi mila, Ek ke saath ek free bhi nhi mila, aur amount bhi deduct ho gayee Account me se sweat
Bad Luck!!

Deal Baba

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Awake 2020-12-14

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Don’t worry! It will be unblocked automatically, last time it took them 10 days, but it happens eventually!

Deal Cadet

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dealcracker25 2020-12-15

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nikhil9702 wrote:
mine also stuck
applied but not got allotment
paid via imobile(icici bank)

how much time it took to refund?

Got on Sunday

Deal Subedar

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rohan8397 2020-12-15

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Awake wrote:
Don’t worry! It will be unblocked automatically, last time it took them 10 days, but it happens eventually!

It happens before allotment everytime. This time it’s late.

Entertainer

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BubbleBoyChickenLittle 2020-12-15

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rohan8397 wrote:
It happens before allotment everytime. This time it’s late.

In few instances, it gets stuck till the ipo mandate expires.
I’d suggest use NB. Even if anyone wants to block funds using upi , then Use Bhim upi.
@vishusgh @bella_ciao @nikhil9702
Don’t rely on upi method if you want faster and confirmed refunds as more parties are involved in the process here whereas in NB only 2, bank and stock exchange. Lesser the parties, faster the refund/unblocking.

Deal Cadet

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Smiling 2020-12-15

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vishusgh wrote:
Anyone else got refund?
i booked through phonepe (icici), my money also got stuck.

Got refund on allotment day.
Applied through sbi net banking.

Deal Cadet

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nikhil9702 2020-12-15

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dealcracker25 wrote:
Got on Sunday

it’s still stuck for me

Deal Lieutenant

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vishusgh 2020-12-17

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nikhil9702 wrote:
it’s still stuck for me

23 ko aayega bhai (mera bhi)

Deal Cadet

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nikhil9702 2020-12-17

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vishusgh wrote:
23 ko aayega bhai (mera bhi)

Received Yesterday
Thanks for reply

Deal Subedar

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rohan8397 2020-12-17

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nikhil9702 wrote:
Received Yesterday
Thanks for reply

Mine still blocked

Deal Cadet

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nikhil9702 2020-12-18

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rohan8397 wrote:
Mine still blocked

You will get unblocked soon

Deal Subedar

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rohan8397 2020-12-18

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nikhil9702 wrote:
You will get unblocked soon

Yes. unblocked today. sweat_smile Finally.
Cc: @bella_ciao @vishusgh @nikhil9702

Deal Newbie

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able 2021-01-13

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Mine is still in blocked state as of 12 Jan 2021, No allocation and no refund received yet. Paid using icici imobile UPI. How to escalate?

Deal Subedar

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rohan8397 2021-01-13

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able wrote:
Mine is still in blocked state as of 12 Jan 2021, No allocation and no refund received yet. Paid using icici imobile UPI. How to escalate?

Of Burger king?

Deal Newbie

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able 2021-01-13

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yes of Burger king IPO from year 2020. Any suggestions on what to do? I have contacted ncpi in emails.

Deal Subedar

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rohan8397 2021-01-13

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able wrote:
yes of Burger king IPO from year 2020. Any suggestions on what to do? I have contacted ncpi in emails.

@Awake @BubbleBoyChickenLittle any suggestions?

Deal Baba

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Awake 2021-01-13

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able wrote:
yes of Burger king IPO from year 2020. Any suggestions on what to do? I have contacted ncpi in emails.

Did u contact icici? What did they say?

Deal Subedar

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drjpatwa 2021-01-13

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Mail to registrar as well

Deal Newbie

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able 2021-01-13

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I have emailed NCPI and Registrar (Linkintime) and will call ICICI tomorrow, Will keep everyone posted.

Deal Newbie

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able 2021-01-16

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Got response from registrar. From what I understand it is the bank that’s messed up.
Reply:
“Please note that as you have applied through UPI mode, contact your bank to do the needful.
We as RTA have already initiated the unblocking instructions to your Bank, through the sponsor bank, for this issue.
Also note that after unblocking funds there is no separate credit entry reflecting in Bank statement.
In UPI -ASBA there is no process of Refund. The hold release itself is an indication that the amount which was blocked earlier is now available for usage.Your total balance & available balance should be same.”

Hopefully it will show up.