How to cancel subscribed IPO?

Investors can cancel a subscribed IPO online or offline.

An IPO bid can be canceled only by investors with an investment amount of up to Rs 2 lakhs. Cancellation is allowed only before the issue is closed for subscription. Investors cannot cancel or withdraw their bid once the issue is closed for subscription.

The online procedure for cancellation of the IPO is much more convenient than the offline procedure. To cancel the IPO bid online, investors just need to go to the IPO section and cancel the desired IPO transaction by logging in to their broker/bank's app.

To cancel the IPO bid offline, contact the intermediary through which the original application was submitted.

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