Applying for IPOs

How to cancel or revise my HNI IPO application?

As per regulatory guidelines, IPO applications placed in HNI category can not be cancelled/withdrawn and downward revision is not allowed.

Only upward revision is allowed for HNI IPO applications. For example, an application of Rs.3.15 lakhs can be revised to Rs.4.2 lakhs but cannot be revised to Rs.2.5 lakhs.

If you wish to do an upward revision of your HNI IPO application, here is how you do it on ICICI Direct website.

Step 1: Login to ICICI Direct Website and head to IPO Order book. Click on the ‘Revise Bid’ button.

Step 2: Change the quantity, price and click on submit button. The bid value should be more than original application amount.

Step 3: Check the bid details and then click on confirm. Your order is now revised!!