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How to cancel IPO application ASBA?

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You can cancel the ASBA IPO application through your Bank's Net banking website at any time till the closure of the Bidding Period. The IPO bidding closes at 5 PM on the issue closing day. Note that some banks may not allow you to cancel or modify the IPO bid after 2 PM or 3 PM on IPO closing day.

The IPO application can be cancelled online by submitting a cancellation request. Requests made between 10 AM to 5 PM get canceled in real-time. The requests placed outside the bidding hours get sent to the Exchange by the broker by 10 AM when the Exchange starts accepting bids.

Steps to Cancel ASBA IPO Application

  1. Login to the Net banking website or app of your bank.
  2. Go to the 'Online IPO' section
  3. Go to the 'Order Book' page
  4. Click on the 'Transaction ID' link for IPO you would like to Cancel.
  5. Click on the 'Withdraw' application button.
  6. Confirm your transaction.

Note:

  • Broker or bank sends your cancellation request to the Exchange.
  • You get an email once the cancellation request gets accepted by the Exchange.
  • ASBA blocked funds for deleted IPO applications generally get unblocked with a day or two.
  • IPO applications cannot be canceled after the bidding period.
  • NII investors cannot withdraw the Bid. They can only modify it.


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