Yes, High Net-Worth Individual (HNI) bids can be modified, but only to increase the bid amount. Once an HNI bid is placed, it cannot be decreased or canceled.
For example:
- If you place an HNI bid of ₹3 lakh, you can modify it to ₹4 lakh or more, but you cannot reduce it to ₹2.5 lakh.
The bid quantity and price cannot be reduced, as per SEBI regulations.