What if I do not want to proceed with the public issue application after submission with an intermediary? Can I withdraw my bid? If yes, how?
If you've placed a bid for
a public issue application (like an IPO) through 5 Paisa and later decide you
want to withdraw your bid, you can do so under certain conditions.
- Timing: You can withdraw your bid before
the allotment process is completed. As per the guidelines, retail
individual investors using 5 Paisa can typically withdraw their bids until
the IPO's closure date.
- Procedure: To withdraw your bid, log in to
your 5 Paisa account and navigate to the IPO section. Look for the option
to withdraw your bid, which is usually available until the IPO's closure.
Follow the on-screen instructions or fill out a withdrawal form provided by
5 Paisa to initiate the process.
- Act Promptly: Time is of the essence. Make
your decision to withdraw your bid as soon as possible. The quicker you
act, the better chance you have of withdrawing your bid before it's
processed.
- Contact 5 Paisa Support: If you encounter any issues or
have questions about the withdrawal process, reach out to 5 Paisa customer
support. They can provide assistance and guidance on how to proceed with
withdrawing your bid.
- Compliance with Regulations: Ensure that you comply with all
regulatory requirements and follow 5 Paisa's guidelines for bid
withdrawals. This helps ensure a smooth and successful withdrawal process.
By following these steps
and utilising 5 Paisa's platform and support
resources, you can effectively withdraw your bid for a public issue application
if you decide not to proceed with it after submission.