If I am an HNI investor, can I modify the application by reducing the lot size or price?

If you have applied as an HNI investor, you won’t be able to modify the bid by reducing the amount or price. However, you can modify the bid to increase the lot size or price.  

Even if you are a retail investor and have applied under HNI, you won’t be able to modify the application if you cross the cut-off time for the bid submission.