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 guardians, and how to place the bid on FYERS App and FYERS 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: A guardian’s UPI ID is allowed. 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 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
On FYERS App
- Open the IPO module and select the issue.
- Tap Apply, choose the category, and enter bid details.
- Enter UPI ID.
- Submit the application.
- Approve the mandate in your banking app before it expires.
On FYERS Web
- Go to the IPO page and find the issue in Open.
- Click Apply on the issue card, choose the category, and enter bid details.
- Enter UPI ID.
- Submit the application.
- Approve the mandate in your banking app before it expires.
What If…
| Scenario | Solution |
|---|
| Apply in shareholder or other reserved category as a minor | Allowed if the Demat meets issuer eligibility. Select the correct category while applying. |
| UPI mandate not received or only a partial amount blocked | Re-apply and authorise a fresh mandate. If partial block continues, cancel any pending or expired mandate in your banking app and apply again. |
| Minor turns 18 during bid, allotment, or refund | Application continues unchanged. Afterward, convert the minor account to an individual account to keep investing. |
Last updated: 24 Oct 2025
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