How to modify or cancel an IPO bid

Retail investors can change or cancel an IPO bid while the issue is open. After it closes, the bid is final.

While the issue is open

In your broker app's IPO order book, open the bid and choose modify or cancel. You can change the number of lots or the price, or withdraw it. Changing the amount usually sends a new UPI mandate, which you must accept again.

Cancelling releases the blocked money, usually within a day or so, depending on your bank.

Limits

HNI (NII) and QIB investors cannot lower the quantity or withdraw their bid after placing it. Retail investors can.

Changes must be made before bidding closes on the last day. After that, the registrar processes the bid as it stands.

Fixing a mistake

If you applied twice by mistake, or in both Retail and HNI with one PAN, cancel one before the close: otherwise both may be rejected. If the UPI mandate failed, cancelling and bidding again sends a fresh request.

Related guides

• The IPO UPI mandate, explained
• Why IPO applications get rejected
• How to apply for an IPO in India

More on applying for an ipo

• Can family members apply for the same IPO separately?
• What the cut-off price means in an IPO
• Applying for an IPO through net banking (ASBA)
• When to apply for an IPO
• Pre-applying for an IPO
• Borrowing to apply for an IPO

See today’s IPOs with live GMP and subscription

Information, not investment advice. GMP is an unofficial grey-market indicator; figures come from public sources (InvestorGain) and may be late or wrong. Not registered with or affiliated to SEBI, the exchanges, the registrars or InvestorGain.