• Not under the same PAN, both applications will stand cancelled. You can ofcourse put separate applications through the same bank account for different PANs.

  1. Mr. Bagra,

    If I apply for an IPO with > 2Laksh limit, I automatically become an NII investor. Is it true that SEBI IPO rules deny NII’s from revising their bids downwards or cancelling them even though within the IPO window? And apparently, the bid can only be revised upwards, but not downwards/cancelled!

    If the above true, is there a reason for SEBI to introduce the rule? I mean what is the point of having an IPO window, if an investor cannot revise his bid downwards/cancel his application should he change his mind? Please clarify.


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