How to withdraw or delete an IPO application?
Submitted IPO applications can be modified or cancelled only between 10:00 AM and 4:30 PM on trading days. If a bid is cancelled, please do not approve the mandate for the cancelled bid.
To cancel the IPO bid, follow these steps:
Kite App
- Tap on Bids.
- Tap on IPO.
- Tap on Applied.
-
Select the IPO and tap on
CANCEL.
Kite Web
- Log in to kite.zerodha.com.
- Click on Bids and then IPO.
- Click on Options.
-
Click on
Cancel
and then
Ok.
When the IPO is cancelled, the blocked UPI mandate will be released, although the duration of time it takes for the mandate to be unblocked can vary depending on the bank. As the funds are only blocked and still remain in the bank account, interest will accrue as usual.
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