Can Minors Apply for IPOs on FYERS?
No, IPO applications through minor accounts are not supported on FYERS. While a minor can hold a Demat account (with a guardian as the authorised signatory), IPO bidding is not enabled for such accounts.
This restriction exists due to limitations in the UPI-based IPO mandate system and compliance norms, which require the UPI ID, PAN, and bank account to match—something not feasible for minors.
Minors can invest in mutual funds through FYERS, but IPO participation is only possible once the account holder turns 18 and converts to an individual account.
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 the UPI and PAN won’t match. |
| You want to apply on behalf of a minor | Consider using the guardian’s individual account to apply for IPOs. |
Last updated: 22 Sep 2025
Related Articles
Can NRIs Apply for IPOs on FYERS?
Yes, Non-Resident Indians (NRIs) can apply for IPOs through FYERS, subject to regulatory requirements and eligibility criteria. To do so, you must hold a compliant NRI trading and Demat account with FYERS and apply using a UPI ID linked to an NRE or ...
How Can I Apply or Pre-Apply for IPOs in FYERS?
Applying for an Initial Public Offering (IPO) in FYERS is completely online and can be done either during the live bidding period or in advance using the Pre-apply option. This feature is available for both Mainboard and SME IPOs (when supported by ...
How do I apply for IPOs through Markets Home?
The IPO section in the FYERS Markets Home tab gives you real-time access to upcoming, ongoing, and newly listed IPOs. It’s designed for fast navigation and seamless application, so you never miss a public issue. What the IPO section offers Midway ...
How To Apply for IPOs Using Net Banking (ASBA) With Your FYERS Demat Account?
If you don’t have a UPI ID or are applying for an IPO with a bid amount above ₹5 lakhs, you can apply through your bank’s net banking using the ASBA (Application Supported by Blocked Amount) method. What is ASBA? ASBA is an SEBI-approved process that ...
Does FYERS Apply Entry Load on Mutual Fund Transactions?
No, FYERS does not apply any entry load on mutual fund transactions. An entry load was a fee historically charged at the time of investing in mutual funds. It reduced the effective amount that got invested in the scheme, with the deducted portion ...