How To Cancel An IPO Application

The ideal time to cancel your application is before the allotment of the shares. Several factors impact the ability to withdraw or delete an IPO application. These factors include handling the application by the intermediary or the broker, the company going public, and any other regulations the IPO entertains for the cancellation process. 

Typically, investors can cancel their application before the allotment of shares post-payment. However, it is essential to note that some deadlines or cancellation requirements might vary depending on the broker and the company. 
 

Yes, it is possible to conceal an IPO application after accepting the UPI mandate. On accepting the UPI mandate, an investor authorises the bank to block the amount for IPO application. 

Even after the investor has accepted the UPI mandate, it is possible to cancel the application before the allotment of shares. It is also essential to note that accepting the UPI mandate is a crucial step in the entire IPO application process, and withdrawing it after accepting the mandate can invite penalties or IPO cancellation charges. 
 

The cancellation charges of an IPO application typically depend on several factors involving the intermediary or the broker handling the application, the company going public and any other applicable regulations. 

Primarily, if the cancellation process is successfully initiated before the allotment of shares, there exists no inclusion of penalties or cancellation charges. 
While on the other hand, if it is done after the acceptance of the UPI mandate, it typically results in deductions as penalties. Going through the terms and conditions before the final submission of an IPO application would help you to avoid any additional charges or penalties.
 

Yes, an investor can cancel an IPO application and reapply again, but it is essential to cancel before the share allotment happens. If the application is cancelled after the share allotment, an investor cannot reapply, as shares are allocated for other investors.
 
Certain limitations might exist depending on the company and the broker handling the application. Therefore going through all the terms and conditions before applying would be the best idea to avoid such hassles. 
 

Applying for an IPO twice is not recommended for investors as it might invite several complications in the application process and impose unexpected penalties or charges. 

An investor cannot apply for an IPO more than once as it typically leads to over-subscription and a potential imbalance in the allotment process. Moreover, applying for IPO twice using two different Demat accounts might also result in the rejection of the application.
 

Yes, one can exit an IPO after listing. But several factors must be considered, including the market conditions, the type of shares and the exchange. If the investor intends to sell the shares immediately after listing, they can exit the IPO post-listing. In such a case, the shares can be sold in the secondary market, where they will be traded like any other listed shares. 

Applying for an IPO on the last day might bring several complications, including system errors and technical glitches that might delay the application process. Another drawback of applying for an IPO on the last day is a higher risk of oversubscription, where the total number of shares that have been applied for exceeds the total number of shares available for allotment. 

Several guiding factors are behind the validity of an IPO, such as the regulatory requirements, the company offering the IPO and the exchange. An IPO is typically valid from the subscription period's opening date to a few days or weeks until the completion of the final allotment of the shares.