Can I cancel IPO application and reapply?

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Yes, you can cancel an IPO application and reapply if you are :

A retail investor or;
An employee with bid value of Rs 2 lakhs or;
A shareholder with a bid value of up to Rs 2 lakhs.

Before reapplying, ensure to check the cancelled status as sometimes it may take time to cancel the bid.

QIBs and NIIs cannot cancel their IPO bids once applied.

Topic: IPO Application Modification Feedback

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