Can HNI withdraw IPO application?

No, HNIs are not allowed to withdraw, cancel or delete their IPO application once it has been submitted.

HNIs may modify their IPO application to increase bid size. HNIs cannot modify their application to decrease the bid quantity or price.

As per SEBI guidelines, only investors with an investment of up to 2 lakhs can cancel or amend their bids. HNIs are investors with a bid value of more than Rs 2 lakhs and hence cannot cancel their IPO application.

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