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Can I cancel or withdraw the IPO Application (or bid) submitted using IPOSmart?

April 26, 2017application bid cancel IPO iposmart submitted withdraw

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Can I cancel or withdraw the IPO Application (or bid) submitted using IPOSmart?

1 Answer

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Yes, you can place a withdrawal request anytime during the bidding period. Any request for bid withdrawal should be made during the banking hours and on or before 2 pm of the issue closure date and will be subject to acceptance of Stock Exchange after which the application amount in your account will be unblocked. Once withdraw, the blocked amount will be available in 1 working day. However, revision of bid request is not permitted under IPOSmart.