In the past I have Bpaid on the closing day and been accepted.
I think if management need the dough they'll look at their bank account on the day after (or +2) and see the transaction time as < 1700 Adelaide, and process (calculation if oversubscribed, determine cutback, allocate shares and process refunds). It happens over the few days after offer close.
My experience; no guarantee it plays out like this every (or this) time.
pw
AKK Price at posting:
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