Quick answers to common IPO questions.

Submitting a valid application earlier in the IPO window does not by itself create a special priority simply because it was placed first.

Allotment depends on the applicable allocation rules, demand in your category and whether your application is valid. Applying before the deadline is still sensible because it gives you more time to fix payment or mandate problems.

If you do not receive shares, the application amount that was blocked should be released according to the IPO and banking process. You do not receive shares simply because you applied.

The exact release timing can depend on the bank, UPI system and issue schedule.