Answer
You can cancel an IPO order while the subscription window is open (i.e. till around 4:00 PM to 5:00 PM on the final day).
Log in to the Nuvama Wealth app, go to the IPO section, find the application in the “Order Book” or “Applied” tab, and cancel the order.
- You might need to manually revoke the mandate in your UPI app.
- The blocked IPO application amount is usually released back to your bank account within 1-2 days after cancellation.