Can I modify IPO application?

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Yes, you can modify an IPO application anytime during the IPO subscription period.

Modification rules for IPO application:

Retail Investors can increase or decrease the bid size.
QIBs and NIIs can only increase the bid size but cannot lower it.
Employees and Shareholders with bid value of up to Rs 2 lakhs can increase or decrease the bid size.

The IPO modification window on the last day of the IPO generally closes by 3 PM. Some brokers have a specific window to modify the bids. Therefore, check with the concerned broker/bank for specific timelines.

Topic: IPO Application Modification Feedback

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