innovationinbanking

As the UPI challenge reaches its fourteenth day , a groundbreaking revelation surfaces: NPCI CEO Dilip Asbe announces a striking surge in the involvement of UPI in IPO applications. 🚀   📊 Numerical Brilliance: A staggering 60-70 percent of IPO applications now channel through the seamless corridors of UPI, illustrating the magnetic pull of digital transactions. 💹 The nation witnesses a digital metamorphosis in the financial landscape. 💻 Digital Precision in IPOs: In this digital epoch, UPI emerges as the backbone of Initial Public Offerings (IPOs), bringing a new level of precision and efficiency. Investors navigate the IPO waters with a click, as UPI becomes the preferred gateway to financial markets. 🌐 The UPI Challenge Effect: Modi's 30-day UPI challenge proves to be a catalyst, propelling a surge in digital participation. The challenge not only fosters UPI usage but also reshapes how financial processes, particularly IPO applications, are executed. 🎉 Celebrating th...

             There are two scenarios in an IPO (Initial Public Offering) when the company needs to refund monies to the investors Scenario 01) Non receipt of minimum subscription An IPO is termed as undersubscribed when the demand is underwhelming, that is when the number of shares supplied by the company is higher than the demand. An IPO is said to be undersubscribed when it receives applications for less than 90%, of the total issuance. In such cases, the share application monies have to be refunded to the investors. Scenario 02) The share issue issuer fails to obtain listing or trading permission from the stock exchanges where the specified securities were to be listed. This is the rarest of the rare case, but SEBI to protect the investors' investments, has guidelines for such a scenario too. The timelines for refund as per the relevant Guidelines are : Scenario 01 – within 15 days from the closure date   Scenario 02) - within ...