How to modify your bids in the IPO application

You can modify your IPO application at any time before the issue closing date and time. Modifications on your IPO application can be made before the IPO issue closes, typically until 4:30 PM on the closing day (exact timing may vary based on the exchange). However, once the IPO closes for subscription, no changes are allowed. Below you will find details on how to modify the bids on your IPO application on ArihantPlus.

Modify bids on ArihantPlus App

Login to the ArihantPlus App and go to the IPO Section from Dashboard.
Tap on “IPO Orders” to view your IPO bids.
Select the IPO you want to modify and tap on “Modify” button.
From here, update your bid quantity.
Tap Submit to save your changes.
Approve the new UPI mandate on your linked UPI app (if applicable).

Note:

You can modify only applications up to ₹2 lakhs (Retail Category).
Once your UPI mandate is authenticated, only cancellation is possible; you cannot modify the bid further. So, if you’ve already approved UPI payment mandate, you’ll need to cancel and reapply.
You can modify your IPO application multiple times before the issue closes. The exchange will consider the latest valid application for allotment.

What happens to your UPI mandate when you modify your application?
When you modify your IPO bid and the new amount exceeds your earlier blocked amount, you will receive a new mandate for the increased amount. Once you accept this mandate, your application is successfully submitted to the exchange and your previous mandate is void.

Editing IPO application if you applied through ASBA

If you applied through ASBA (via your bank), you can modify or cancel your application by logging in to your bank’s net banking portal and editing the IPO bid before the issue closes.

Checking modification status

After modifying your IPO application, check the “Application Status” section on ArihantPlus or on the exchange IPO status portal to ensure your latest bid is reflected correctly.

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