Can an IPO be cancelled by the company?

Yes, an IPO can be cancelled by a company. This usually occurs when the company decides to withdraw or cancel the public offering before its shares are listed on the stock exchange .

If the IPO is no longer feasible, the company can cancel it with the approval of the Board of Directors. After notifying the stock exchanges and SEBI, it must issue a public statement stating the reasons for the cancellation.

Investors who have subscribed to the will receive their subscription amounts back. Cancellation can lead to uncertainty about the future of the company, which could affect investor sentiment and confidence.

If the cancellation is due to poor market conditions or unfulfilled investor expectations, it can also have a negative impact on general market confidence.