Can I modify IPO application?

Yes, you can modify an IPO application anytime during the IPO subscription period.

Modification rules for IPO application:

• Retail Investors can increase or decrease the bid size.
• QIBs and NIIs can only increase the bid size but cannot lower it.
• Employees and Shareholders with bid value of up to Rs 2 lakhs can increase or decrease the bid size.

The IPO modification window on the last day of the IPO generally closes by 3 PM. Some brokers have a specific window to modify the bids. Therefore, check with the concerned broker/bank for specific timelines.