Can IPO application be withdrawn?

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Yes, a retail investor can withdraw an IPO application any time while the IPO is open for subscription. You cannot modify or cancel the IPO bids once the IPO gets closed. The investors in NII and QIB category cannot cancel or withdraw their IPO bids.

To withdraw the IPO application, you can visit the broker/bank's website or app from where you applied in the IPO. Visit the IPO section and request for cancellation.


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