How to modify the bids in the IPO application?
- Pending applications can only be cancelled and not modified, unlike submitted IPO applications. The submitted IPO applications can be modified or cancelled only between 10:00 AM and 4:30 PM on trading days.
- IPO orders can only be modified 3 times as mandated by the exchanges.
Kite app
- Tap on Bids.
- Tap on IPO.
- Tap on Applied.
- Select the IPO to be modified and tap on Modify.
Kite web
To modify the bids on Kite web, follow these steps:
-
Log in to
kite.zerodha.com/bids/ipo.
- Select the IPO and click on Options.
- Click on Modify.
- Make the required changes.
- Click on Modify.
Did you know? If a bid is modified and the modified bid value exceeds the earlier blocked amount, the client will receive a new mandate reflecting the increased sum. Upon acceptance, the blocked funds in the bank account are adjusted to match the new mandate amount, and the previous mandate becomes void.
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