Can I revise or cancel my IPO application?

Short Answer

There is a subscription period for every IPO. You can make the changes or cancel your IPO applciation within this period. Post this; there is nothing that can be done.

Detailed Answer

There is a slight chance of you revising or cancelling your IPO application provided that the IPO has still kept their subscription open. IPO isn't like a regular stock trading where you can simply sell and buy things as your wish. In an IPO, there are steps and procedures to be followed, which have a definitive meaning.

In an IPO, if you ever find yourself confused about whether you want to pull back from the IPO or merely cancel your application, then you can do so. You can fill in the revision form stating your interest in the change of cancelling action that you want to persevere for your IPO application. However do keep in mind that if the subscription or the change period is over, then you cannot do anything about the application.

Once you fill the form, you will have to submit it to the syndicate member to make all the changes you have entered in the application. Don't worry, all of this will not incur any changes; but then based on the IPO, the number of times this change is possible can be limited.

Bottom line

Making a change or cancelling the submitted IPO application depends on the IPO you have applied for. Typically many have a subscription period before which all necessary adjustments can be made. But after that, you cannot make any changes nor anything can be done about it.

Tagged With: iporevise ipocancel ipoipo subscription
Categories: IPO Basics
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Related FAQs

Where do I get an IPO application form?

An IPO application form can be procured from a syndicate office member of the IPO or a stockbroker. You can download and print the IPO forms.

How many IPO applications can I submit through online net banking from one bank account?

There are about 5 IPO applications that can submit through online net banking from one bank account. However, the number can change immensely from one bank to another.

Can I apply in an IPO through multiple applications on same name?

No, a person cannot apply for a single IPO more than ones. There are strict rules and regulations followed in this matter. However, his/her family members can apply for the IPO under their name provided they have a demat account and PAN number.

What information should I keep after I submit the IPO application form?

There are few documents such as a photocopy of the IPO applciation, cheque copy, and the reference number of applciation if submitted online.

Can I apply more than one IPO application in my name from different saving bank accounts in same bank or different banks?

Only one PAN card can be used for one application. No matter how many different savings account details you might utilize, if there is the same PAN number in more than two applications, then all of them would be revoked.

Can I apply an IPO application in the name of Minor or HUF?

Yes, you can apply for an IPO applciation under a minor or HUF's name, provided they have different PAN card numbers.

How to apply IPO in Zerodha? Buy IPO Online

If you are a Zerodha customer, you can apply for IPO online through Zerodha Console (Zerodha Back-office). The process for applying an IPO process has been explained in detail above. Here are few other answers to important queries that you may want to learn.

What is the life cycle of an IPO? Process

An IPO or Initial Public Offering is where for the first time an earlier unlisted company sells new or existing securities and offers them to the public in the primary market.

Can a minor apply in IPO?

Have you ever wondered id a minor can apply for an IPO? Yes, a minor can apply for an IPO given that he/she has a PAN card and a Demat account.

What Happens when an IPO is oversubscribed in India?

IPO is alloted by following the pre-defined rule laid down by the SEBI. When an IPO is oversubscribed it gets allocated by considering the minimum lot size. If still not solved, then a computerized draw of lots is conducted.