What is the time period of a fund block mandate for IPOs?
The UPI mandate acceptance time for Retail and NII bidders (bids up to Rs. 5 lakhs) will expire at 5:00 p.m. on the IPO closing day. When you receive the fund block mandate on your UPI app, the expiry date and time will be mentioned.
If you do not receive an allotment on your application, funds are normally unblocked within 1-4 days of the final allotment. If not, you can raise a request with your bank/UPI app to release the blocked funds.