Can minors apply for IPOs on FYERS?
No, currently FYERS does not support IPO applications through minor accounts. While minors can hold Demat accounts (with a guardian as the authorized signatory), FYERS does not allow IPO bidding through such accounts on its platform.
This restriction is in place due to limitations in UPI-based IPO mandates and compliance norms that require direct bank and UPI mapping—something not feasible for minor accounts.
What if...
| Scenario | Explanation |
|---|
| You already have a minor Demat account with FYERS | You can invest in mutual funds, but IPOs are not enabled. |
| You try to bid for an IPO using a guardian’s UPI | The application will be invalid since UPI and PAN won’t match. |
| You want to apply on behalf of a minor | Consider using a guardian’s individual account for IPO investments. |
| SEBI regulations change | FYERS may evaluate enabling IPOs for minors if guidelines evolve. |
Last updated: 11 Jun 2025
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