Can I cancel IPO application after allotment?

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No, you cannot cancel an IPO application after allotment.

A retail investor can cancel an IPO application only during the IPO bidding period. You can cancel anytime from the day when the issue opens at 10 AM till 2 PM/3 PM on the issue closure date.

Topic: IPO Application Cancellation Process, Charges, Rules - Explained Article

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