Why has the blocked amount not changed even when the IPO bid was modified?

Why has the blocked amount not changed even when the IPO bid was modified?

  1. The blocked amount will remain unchanged till the latest mandate generated after modifying the  bid is not accepted.
  2. As once a bid is modified, a notification with the latest mandates request is sent to the UPI app. The applicant needs to click on the authorize to approve the mandate, and then the funds will be blocked as per the modified bid.
  3. The UPA mandate can be accepted until 5:00 PM on the closing day of the IPO.
  4. The application or mandate status with the application number can be verified one day after the bidding date by visiting the given link:

(ipobidverify.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)