As per the circular dated 3rd August 2022, The Bombay Stock Exchange of India has announced that for all the public issues opening for subscription on and after September 01, 2022, the following changes will be applicable for UPI (Unified Payments Interface with ASBA) Bids:

1. The Mandate acceptance time will expire at 5:00 PM on the closing day of the IPO.

2. The Stock Exchange will display bid details of only the successfully ASBA blocked applications, i.e., Application with UPI Status (Payment Successful).

3. The dedicated window provided for bid modification on T+1 day (T being the last day of bidding) will not exist anymore. The bid modification/updation will be allowed in parallel to the regular bidding period of IPO and shall close at 5 PM on the closing day of the IPO.  

Note: The dedicated window provided for bid modification on T+1 day (T being the last day of bidding) will also not exist for Non-UPI Bids.

For more details, kindly refer to this circular.