I accidentally applied for IPO of SBL Debenture, I don't want it to go through and I want to cancel the Application. I searched Meroshare and I couldn't find any option to cancel IPO Application in Meroshare, is there any way I can cancel the IPO application in Meroshare?
Yes, you can cancel IPO application in Meroshare. While Meroshare doesn't directly give you option to cancel IPO application, you can do a workaround to have you IPO application fail, so technically it's not cancelled but it will just fail.
You can edit your IPO application and set the number of shares you are buying such that the total cost of application is more than the amount you have in your Bank Account, so during verification as bank end, your application will not go through and it will fail. So this can somewhat be though of as cancelling IPO application via Meroshare. 😄