Why has the blocked amount not changed when the IPO bid was modified?
The blocked amount will remain unchanged if the latest mandate is not accepted after modifying the bid. Once the bid is modified, a notification with the latest mandate request is sent to the UPI app. Click on Authorize to approve the mandate, and the funds will be blocked as per the modified bid. The UPI mandate can be accepted until 5 PM on the closing day of the IPO. The application or mandate status with the application number can be verified one day after the bidding date by visiting ipobidverify.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
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