Why is the IPO mandate status not updated on Kite?

Sometimes due to a delay from the exchange, the mandate status on Kite may not be updated. If the funds are blocked in the bank account against the IPO application, the Registrar and Transfer Agent (RTA) considers the bid for allotment, and the IPO application remains valid.

Did you know? If the bid is cancelled and a fresh bid is placed, ensure that the reference number of the new IPO application matches the UPI mandate before accepting.