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The ASBA IPO application can be cancelled online or offline only by retail investors during the IPO subscription period.
Steps to cancel the ASBA application online
Steps to cancel ASBA IPO application offline
Note : On the last day, some banks may not accept withdrawal requests till 5 PM. Therefore, check with the respective bank for the exact procedure.
There are no fees charged by any bank or broker for cancelling an IPO application. Investors do not have to pay any fees to cancel an IPO application, either through ASBA or UPI.
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