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I got a confirmation from CDSL that the shares are credited for the IPO Bid, but I cannot see them on Kite; why?

The confirmation email by CDSL is merely for the credit of shares to your Demat account. The stock will show up in Kite when the shares are listed.

Note: The stocks are credited to your Demat account before the listing date if the shares have been allotted to you; however, on a listing day the stock’s price will be displayed as NA in Kite until it is determined.