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
Related Articles
Can NRIs apply for IPOs on FYERS?
Yes, Non-Resident Indians (NRIs) can apply for IPOs through FYERS—provided they have a compliant NRI trading account with FYERS and use an NRE or NRO bank account linked with UPI. The application must meet regulatory requirements set by SEBI and the ...
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 ...
How can I apply for an IPO on FYERS?
Applying for an Initial Public Offering (IPO) through FYERS is quick, secure, and entirely online. Whether you're using the FYERS Web or Mobile platform, you can participate in IPOs using your UPI ID to authorise payments. Steps to apply for an IPO ...
How can I apply for an SME IPO in FYERS?
Applying for an SME IPO through FYERS is a simple and fully online process. You can complete the entire process through the FYERS Web or App platform using your UPI ID for payment authorisation. Steps to apply for an SME IPO on FYERS App Open the ...
How to apply for SGB issues via FYERS?
Applying for Sovereign Gold Bonds (SGBs) through FYERS is a seamless, fully digital process. Here's a step-by-step guide to help you complete your investment smoothly. Step-by-step application process Access the SGB portal: Log in to the FYERS SGB ...