IPO Hold Not removed (even after 10 days of listing)

34°

398
8
Last Comment 2024-09-20

2024-09-17

Guys I apply for IPO through Groww and phonepe from 2-3 Demat accounts. Applied for Gala IPO (3 lots) . Didnt get the Allotment and the share got listed long back (8-9th). Still the hold is not removed. Similar thing happend with one more IPO of another demat account. Banks are SBI and Canara. What is the way to get the hold removed. Is there any guidance because i dont want to waste my time listening to IVR. The holds are till 8-9th Oct.

Raised a ticket on Phonepe , where they had to revert by 16th but no update there as well

Disclaimer

We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.

7 Comments |

5 Dimers

Sort By

https://www.desidime.com/comments/permalink/10335822

yieldeal

2024-09-17

Link Copied

Reach out to bank with mandate revoked info..it's bank side to do

https://www.desidime.com/comments/permalink/10336300

MagicalChat

2024-09-17

Link Copied

Reach to registrar

Put online complaints at bank end.

Do give them all information like application no, PAN no, Txn id, etc. screenshots , etc

https://www.desidime.com/comments/permalink/10336619

pagal_admi

2024-09-17

Link Copied

is it worth the effort , given the mandate will expire in 15-20 days. just asking for advice that after going through all the hassle , if it takes 10 days to unblock then i will skip it.

https://www.desidime.com/comments/permalink/10336424

arko1983650

2024-09-17

Link Copied

use asba for applying dont use apps

https://www.desidime.com/comments/permalink/10336612

pagal_admi

2024-09-17

Link Copied

yes , was reluctant to use asba , because ease of use in apps. but will apply through asba only now.
Can i cancel the lien manually after ipo listing (in case it is not removed )?