Can I cancel IPO application and reapply?

Yes, you can cancel an IPO application and reapply if you are :

1. A retail investor or;
2. An employee with bid value of Rs 2 lakhs or;
3. A shareholder with a bid value of up to Rs 2 lakhs.

Before reapplying, ensure to check the cancelled status as sometimes it may take time to cancel the bid.

QIBs and NIIs cannot cancel their IPO bids once applied.