How can I apply for IPO using FYERS Demat account?

How can I apply for IPO using FYERS Demat account?

You can apply for ongoing IPOs using FYERS Demat account through our IPO Portal (UPI) or any Netbanking using ASBA mechanism.

Kindly remember that an IPO can be placed directly through the FYERS IPO Portal using UPI ASBA. For more details on how to apply for an IPO through our IPO Portal and how it is different from Netbanking ASBA, you can refer to this blog.

You can also apply through your bank that provides you with Netbanking ASBA (Application Supported by Blocked Amount) facility. When you apply through ASBA facility, funds equivalent to your bid are blocked in your bank account for the IPO. The funds will be debited on a successful allotment of shares.

The below process is for applying for IPOs through Netbanking ASBA services:

  • Steps to apply for IPO online:
  1. Log-in to your online Net-banking portal.

  2. Generally, you will find the option to apply for an IPO in the Investments/Demat section.

  3. Fill out the FYERS Demat account details as mentioned in the My Account portal (under manage account) with bank account details to complete the process.

  4. On the successful verification, you will be led to select the IPO to invest in.
  5. Upon selection, enter the “Number of shares” and the “Bid Price”.

  6. You will receive the confirmation to your registered details on your bid is successfully confirmed by your bank.

For more information, you can get in touch with the Support or contact your bank for a detailed process at their end.

    • Related Articles

    • How to apply for LIC IPO as a policy holder?

      LIC policyholders have been reserved up to 10% of the total issue. If you're a policyholder in LIC and wish to apply for the IPO, you're required to link your PAN to your LIC policy (refer to this blog). Once the details are updated, you'll be ...
    • Can I Pre-Apply for an IPO in Fyers?

      Yes, you can pre-apply for an IPO in Fyers well in advance. The procedure to do so is as below: 1. Login to Fyers IPO portal (If you’ve already logged in to FYERS Web, you’ll automatically be logged in).  2. Click on ‘View Details’ of the IPO you ...
    • What is the procedure to apply for OFS in FYERS?

      You can bid for the companies that go for Offer For Sale (OFS) through FYERS. The procedure to apply for OFS is as below: Go to FYERS OFS portal and login using your FYERS credentials as shown in the image below: Scroll down, and you will be able to ...
    • How to transfer shares from my existing Demat account to FYERS?

      You can transfer shares from one Demat to another, both Online and Offline. Procedure for transferring the shares offline: Submit Transfer-Cum-Closure forms to the broker from whom you wish to transfer the securities. Along with the forms mentioned ...
    • Can I transfer my Shares/Mutual Funds from NSDL Demat Account to FYERS?

      Yes, you can transfer your shares from your NSDL Demat to Fyers Demat account. However, the procedure to do so is offline and is as below: Request for a Client Master Report (CMR) from FYERS by writing to us at Get the Delivery ...