How to Cancel an IPO Application Online

No image 5paisa Capital Ltd - 1 min read

Last Updated: 16th December 2025 - 03:03 pm

Mistakes happen, maybe you entered the wrong quantity, selected the wrong UPI ID, or simply changed your mind. The good news is that you can fix it. Here’s how to cancel an IPO application online before allotment.

If you’ve applied via a broker or a trading platform, the process is quite simple. Log in to your account, go to your IPO section, and look for your active application. You’ll find an option to “Withdraw” or “Cancel.” Once you confirm, the application is rejected instantly, and your funds are released once the system updates.

If you’ve applied via your bank’s net banking ASBA facility, the process is similar. Navigate to the IPO section, view your existing bids, and select the cancellation option. Your steps to withdraw IPO bid before allotment are complete once you submit the request. The blocked amount remains frozen until the cancellation is processed, usually within a working day.

In case you miss cancelling before the IPO closes, you can’t withdraw it afterward. However, if your application doesn’t get allotted, your funds are automatically unblocked.

For those who used intermediaries, cancelling IPO applications through a bank or broker can also be done by contacting customer support and requesting manual cancellation before the issue closes.

Cancelling an IPO isn’t complicated, it just needs to be done on time. Acting promptly ensures your funds remain available for other investments or upcoming opportunities.

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