How HNIs Can Stop IPO Applications: A Quick Guide
Learn how to manage your HNI IPO application process effectively. Understand the rules and options available to prevent your application from moving forward.
HNIs cannot cancel or withdraw their IPO application after it has been submitted. However, if you no longer wish to proceed with the IPO, you can prevent it from moving forward by rejecting the UPI mandate request.
Important Points:
- No Cancellation Post Submission: Once the application is submitted, there’s no option to cancel the bid.
- Reject UPI Mandate: If you do not want to proceed with the IPO, you can decline the UPI request to block the payment.
- No Re-application: Even if you reject the mandate, you cannot re-apply for the same IPO as an HNI or Regular applicant.
If you have further questions or need assistance, feel free to reach out to our customer service team for help.
Happy investing with Kotak Securities!