IRCTC stock allocated, UPI transaction failed

Hi I have been allocated IRCTC IPO shares,but today evening I received a message from bank saying the UPI transaction has failed. The required amount had already been locked by the mandate. Will my share allotment get cancelled? How can I perform the payment again?

The registrar shares an allotment file with the banks based on which funds are debited from the account. You can write to the registrar at info@alankit.com to check why the transaction failed. You can find the other contact details for Alankit here.

Same situation with me. I have been alloted shares but my SBI BHIM app kees saying payment failed

Did you check with your bank? I also have same situation. I messaged to my bank but they haven’t replied yet.

Did you check if the blocked amount has been debited from your account?

Even if it isn’t, the shares would have already been credited to your demat account. (You would have received an SMS from the depository (CDSL/NSDL) confirming the credit.) It’s upto the bank to ensure that funds are debited from you and given to the issuer’s bank.

Will the option lapse as on 14/10.??

Same scenario with me but nobody responds.
Same lame replies.
Shares are showing in demat account.
Is there any option left??

Even I have sent a mail to the bank, since they donot have customer care voice service for bhim SBI pay, no response as of now. I had called alankit, they told not to worry, share allocation won’t get cancelled, maybe they will sort it out with bank.

The amount is still on block,but the UPI mandate has expired . The shares are reflecting in my zerodha kite app.

Exactly the case with me.

You should request the bank to debit the amount, otherwise you will keep earning interest on the blocked amount :slight_smile:

I am having same issue. Shares are in my zerodha holdings, got the cdsl message, received email from alankit too regarding the share allotment but amount not deducted.
Called Zerodha they are saying its in your demat account now so there is no issue.
Hope it will get deducted by tomorrow evening.