How to cancel ASBA IPO application?

The ASBA IPO application can be cancelled online or offline only by retail investors during the IPO subscription period.

Steps to cancel the ASBA application online

• Log in to the Net banking website or mobile app through which investors applied for the IPO.
• Go to the IPO section and open the Order Book.
• Click on the transaction ID of the executed IPO application.
• Click on the 'Withdraw Application/Cancel Bid/Delete Bid' button once available.
• Confirm the transaction.

Steps to cancel ASBA IPO application offline

• Contact the SCSB Bank or the intermediary through which the application was submitted.
• Submit a duly signed request for cancellation, quoting the application number.

Note : On the last day, some banks may not accept withdrawal requests till 5 PM. Therefore, check with the respective bank for the exact procedure.

There are no fees charged by any bank or broker for cancelling an IPO application. Investors do not have to pay any fees to cancel an IPO application, either through ASBA or UPI.