Can I cancel the IPO application and reapply?

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Yes, technically, you can cancel the IPO application and reapply. However, since the modification option is available, not sure if the cancellation and reapplication would get accepted. Moreover, the funds would get blocked twice as sometimes the banks take time to release/unblock the funds from the earlier cancellation.

Thus, it is advisable to modify a bid rather than cancel and reapply.

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

2 Comments

2. Gowtham

| Link|May 4, 2022 1:01:37 PMReply

Can i cancel and reapply in groww? is that posible

1. Rush

| Link|November 17, 2021 2:38:47 PMReply

Yes, you can cancel and almost immediately apply (again) for IPO. I could do that through Zerodha platform. So technically it is possible. It may further depend if you are using any other platform and what limitations it may have.

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