Applying for IPOs

When will my funds be unblocked if I do not get IPO allotment?

The IPO timeline is as follows:

> If IPO closes on T Day, then allotment will happen on T+1 working day and funds unblocking will happen on T+2 working day.

> If IPO is not allotted, the funds will be released on T+2 days and you will receive an SMS for the same.