The Him Star Urja IPO not allotted status has raised complaints from many investors. The IPO allotment was completed on Ashadh 32, but investors who were not allotted shares say their application money is still held in their bank accounts.
According to multiple reports, this issue may be due to delays in coordination between the banks, CDS and Clearing Limited (CDSC), and the issue manager. Normally, funds should be released automatically soon after the IPO is allotted—especially in cases where the Him Star Urja IPO not allotted status applies.
CDSC had earlier stated that unhold processes are system-driven and should complete on time. However, in this case, the hold has continued even after several days, leading to investor dissatisfaction.
Investors affected by the Him Star Urja IPO not allotted issue are advised to contact their banks or respective capital companies. Manual intervention might be required if the automatic unhold process fails.
If the Him Star Urja IPO not allotted message appears in your result and the funds are still frozen, contacting the bank can help resolve the problem. Investors are also reminded that timely unhold of their application money is their right.
