You can withdraw from IPOSmart bid by placing a withdrawal request for the whole application or one of three bids anytime during the bidding period by submitting a request at any of our designated branches or using Axis Bank’s Net Banking service. Please note that this facility is available only during the issue-open period.
What is the provision to withdraw or revise bid during the issue period under ASBA II?
- You can place a withdrawal request for the whole application or one of three bids anytime during the bidding period. Any request for bid withdrawal should be made during the banking hours and on or before 2 pm of the issue closure date and will be subject to acceptance of Stock Exchange after which the application amount in your account will be unblocked. Once withdrawn, the blocked amount will be available in 1 working day.
- In case you have applied through any of our designated branches then, for revision/withdrawal of bids during the issue period, fill up a bid revision form and submit to the collecting branch for revising/withdrawing bids.
- In case you have applied through Net Banking facility (i-Connect ), then go to the IPO SMART>Revision Request or IPO SMART>Withdrawal Request menu options for revising and withdrawing bids/applications respectively. This facility is available only during the issue-open period. If you have put in three bids, all these bids can be modified only after the order number is obtained from the Stock Exchange and is displayed against each of the bids.
- Only if the highest revised amount exceeds the previous lien marked amount, should extra lien be marked or else the lien amount remains unchanged even in case of single bid withdrawal.
