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

The blocked amount will remain unchanged till the latest mandate generated after modifying the bid is not accepted. Once a bid is modified, a notification with the latest mandate request is sent to the UPI app. The applicant needs to click on authorize to approve the mandate, and then the funds will be blocked as per the modified bid.

The UPI mandate can be accepted until 5:00 PM on the closing day of the IPO.

To know more see, how to modify or cancel the bids in the IPO application through Jainam- space web?