The investors get a validity period while paying for the shares. The IPO amount is usually refunded one day after the IPO allotment or before the end of the validity period.
Tarsons Products IPO: The initial public offering (IPO) of labware company Tarsons Products was subscribed 77.50 times by the end of its bidding process.
Aditya Birla Sun Life AMC's IPO was subscribed 5.25 times, receiving bids amounting nearly 14.60 crore shares against the total issue size of around 2.78 crore shares