How can I modify or cancel my IPO application in FYERS?

How Can I Modify or Cancel My IPO Application in FYERS?

FYERS allows you to modify or cancel IPO applications (Mainboard & SME) while the IPO bidding window is open. You can change the bid quantity, price, or even withdraw the application completely without any fees. However, once the subscription period ends, no changes are permitted.

Key Rules for Modification and Cancellation

  • Free of charge: FYERS does not charge any fees for modifications or cancellations.
  • Time-bound: Changes are allowed only before the IPO bidding window closes.
  • Last application counts: If you modify multiple times, only your most recent confirmed and UPI-approved application is considered.
  • UPI approval needed: Every modified application requires UPI mandate approval; otherwise, it will remain invalid.
  • Large applications (₹2 lakh+/HNI category): SEBI restrictions apply. You cannot cancel, and modifications may only allow increasing the bid, not reducing it.

Steps to Modify or Cancel Your IPO Application

On FYERS App

  • Open the FYERS App and log in.
  • Tap Orders → IPO from the bottom navigation.
  • Choose the IPO (Mainboard or SME) you want to change.
  • In the application details screen:
    • Tap Modify → Edit your bid (quantity/price), then confirm.
    • Tap Cancel → Confirm to withdraw the application.
  • If prompted, approve the new UPI mandate in your UPI app.
  • Check Orders → IPO for updated status.

On FYERS Web

  • Log in to FYERS Web.
  • Go to Orders → IPO from the top navigation bar.
  • Select the IPO and click your application.
  • In the order details panel:
    • Click Modify to update your bid. Review and confirm.
    • Click Cancel to withdraw the application. Confirm the prompt.
  • Approve the new UPI mandate if generated.
  • Track updates in the Status and Timeline panels.

Always re-approve the UPI mandate after modifying your IPO application. Without mandate approval, your bid will not be considered for allotment.

What If…

ScenarioExplanation
I cancel after the bidding window closesThe request won’t be processed; IPO orders are locked post cut-off.
I forgot to approve UPI after modifyingThe modified application becomes invalid. Approve UPI before the deadline.
I want to change my UPI IDCancel the current application and reapply with the correct UPI ID (within the bidding window).
I couldn’t cancel my applicationIf your bid size is ₹2 lakh or more (HNI category), cancellations are not permitted.
I couldn’t reduce my bid sizeFor applications of ₹2 lakh or more, you can only increase, not reduce, the bid.

Last updated: 22 Sep 2025

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