Can minors apply for IPOs on FYERS?

Can Minors Apply for IPOs on FYERS?

Yes, minors can apply for IPOs through FYERS using a minor Demat account mapped to a guardian. Learn the prerequisites, how UPI works for minors, and how to place the bid on FYERS App and Web, along with what to do once the minor becomes an adult.

Eligibility & Key Rules

  • Demat in the child’s name: Open the Minor Demat account and map it to a parent or guardian.
  • Link for trading and listing gains: If you plan to sell allotted shares and capture listing gains, all actions must be executed by the guardian.
  • Bank mapping: The linked trading account should be mapped to the minor’s bank account.
  • UPI options: If the minor is 15 or older and has net banking access, the minor can create a UPI ID and use it.
  • UPI amount limit: Using UPI, a minor can apply up to ₹5,00,000 per application as permitted by the UPI in the IPO framework.
  • Categories: Follow issuer rules. If shareholder or other reserved categories are available and the Demat qualifies, the minor can apply.

Steps to Apply for an IPO as a Minor

On FYERS App

  1. Open the IPO module and select the issue.
  2. Tap Apply, choose the category, and enter bid details.
  3. Enter UPI ID.
  4. Submit the application.
  5. Approve the mandate in your banking app before it expires.

On FYERS Web

  1. Go to the IPO page and find the issue in Open.
  2. Click Apply on the issue card, choose the category, and enter bid details.
  3. Enter UPI ID.
  4. Submit the application.
  5. Approve the mandate in your banking app before it expires.

What If…

ScenarioSolution
Apply in the shareholder or other reserved category as a minorAllowed if the Demat meets issuer eligibility. Select the correct category while applying.
UPI mandate not received or only a partial amount blockedRe-apply and authorise a fresh mandate. If the partial block continues, cancel any pending or expired mandates in your banking app and apply again.
Minor turns 18 during bid, allotment, or refundApplication continues unchanged. Afterwards, convert the minor account to an individual account to keep investing.

Last updated: 12 Nov 2025