Can ASBA be cancelled?

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Yes, ASBA bids can be cancelled or withdrawn only by retail investors while the issue is open for subscription.

Investors can cancel the bid online or offline. Employees can also cancel their bids provided their application amount is less than or equal to Rs 2 lakhs. Only NIIs and QIBs cannot cancel or withdraw their bids once applied for.

Topic: ASBA IPO Feedback

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