How to withdraw IPO application?

A retail investor (RII category) can withdraw an IPO application anytime while the IPO is open for subscription. The IPO bidding closes at 5 PM on the issue closing date.

Steps to withdraw IPO application

1. Visit the website or app from where you applied for IPO shares.
2. Go IPO Order Book in IPO section.
3. Find the 'withdrawal' option in front of your IPO application.
4. If this option is not available, wait until the next day at 10 AM when the broker submits the bid to exchange and get confirmation.
5. Submit a request to withdraw the IPO application.
6. Get a confirmation message about your request.

Note that the above steps may slightly vary from broker to broker and bank to bank.