What if I don’t receive the authorisation request after placing/modifying the bid on the broker’s platform?

It may take your bank a few hours from the time you place or modify the bid to raise the authorisation request on PhonePe. We will notify you through an SMS when the request is raised.

If you do not receive the authorisation request by the end of day on the day you’ve bid for or modified a bid for IPO shares, you can cancel/revoke the bid on the broker’s platform and raise a new one.