IPO mandate blocked but allotment not received!
Many investors notice that their IPO mandate is blocked but allotment is not received, which often causes confusion. This usually happens when shares are not allotted, and the application amount is still temporarily blocked under the ASBA process.
In most cases, the blocked amount is automatically released after the IPO allotment is finalized. The unblocking generally takes 1 to 3 working days, though in some cases it may extend to 5–7 working days due to bank processing delays or heavy IPO subscriptions.
If the amount remains blocked beyond the normal timeline, investors should first check their allotment status, then contact their bank to confirm the mandate release. If needed, the IPO registrar or broker can also help resolve the issue.
Why is my IPO mandate blocked if I did not get allotment?
Because the ASBA system blocks funds until allotment is completed and the bank releases the unused amount.
How long does it take for the blocked IPO amount to be released?
Usually within 1–3 working days, but it may take up to 7 working days in some cases.
Do I need to cancel the mandate manually?
No, the mandate is released automatically once the allotment process is completed.
What if the mandate is still blocked after a week?
You should contact your bank first, followed by the IPO registrar or your broker.