Product
Allotment
Results and fund release.
Overview
After allotment is declared, Allotment shows whether shares were allotted per application. For partial or zero allotment, unused blocked amounts are released back to your bank per ASBA rules.
Possible outcomes
- Allotted — shares credited to the Demat on the linked account
- Not allotted — full block released; no charge from Monney
- Listed — track the stock on the IPO board after listing day