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Yes, only the retail investors can cancel the ASBA application.
The ASBA application can be cancelled online by logging to the Netbanking account through which the application was made. Upon clicking on the transaction number, withdraw/delete/cancel the bid and the application will be cancelled.
For offline IPO applications, investors need to contact the respective intermediary through which the application was submitted. Investors need to request a cancellation through a duly signed letter.
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