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How to withdraw or delete an IPO application?

The submitted IPO applications can be modified or cancelled only between 10:00 AM and 4:30 PM on trading days.

An IPO bid can be deleted by following the steps below:

  1. Log in to kite.zerodha.com.
  2. Click on Orders and then IPO.
  3. Click on Options .
  4. Click on Cancel and then Ok.


Upon cancellation, the blocked UPI mandate for the IPO is released. The time to unblock a mandate varies across banks. Since the funds are just blocked and remain in the bank account, the interest will continue to accrue as usual.