Are there any charges for modifying or cancelling my SME IPO application on FYERS?
No, FYERS does not charge any fees for modifying or canceling your SME IPO application. You can change the quantity, price, or even cancel the application entirely during the IPO window without incurring any penalty.
Modification and cancellation policy
- Free of charge: No fees are applied for modifications or cancellations.
- Time-bound: Modifications and cancellations are allowed only before the IPO bidding window closes.
- Real-time updates: All changes take effect immediately and are reflected in your IPO Orders tab.
What if?
| Scenario | Explanation |
|---|
| You cancel after bidding ends | The request won’t be processed. IPO orders can’t be changed post cut-off. |
| You modify multiple times | That’s allowed, as long as it’s within the bidding window. Only your last confirmed application counts. |
| You didn’t approve the UPI after modifying | The latest modified application will be invalid unless the UPI mandate is approved. |
| You were charged by your bank | While FYERS doesn’t charge, your bank may apply nominal UPI fees depending on usage or policies. |
To avoid failed bids, always re-approve the UPI mandate after any change to your IPO application.
Last updated: 11 Jun 2025
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