Why does the buy average of my IPO holding applied via NetBanking ASBA show as the closing price?

Why Does the Buy Average of My IPO Holding Applied via Net Banking ASBA Show As the Closing Price?

If you applied for an IPO using Net Banking ASBA (through your bank) instead of FYERS, the buy average in your FYERS portfolio may not reflect the actual allotment price. Instead, it will show the closing price on the listing day as a placeholder.

Why Does This Happen?

  • FYERS only receives information about the credited shares in your Demat account.
  • When IPOs are applied via external ASBA routes, FYERS does not receive details of the bid or allotment price.
  • As a result:
    • The buy average defaults to the listing day’s closing price.
    • This does not impact your actual holdings or P&L—only how the buy price is displayed.
  • This issue does not occur if the IPO application is submitted directly via FYERS.

How to Update The Buy Average Price?

If you want your portfolio to display the correct allotment price:

  1. Email [email protected] with these details:
    • Name of the IPO
    • Number of shares allotted
    • Allotment price
  2. FYERS will verify the details.
  3. Once confirmed, the buy average will be manually updated in your portfolio.
  4. Updates usually take 24–48 working hours.
To ensure automated updates and accurate buy averages, always apply for IPOs directly via FYERS.

What If…

ScenarioExplanation
You applied through FYERSThe buy average is updated automatically—no action needed.
You used Net Banking ASBAYou must raise a manual request to update the buy average.
You don’t update the priceThe portfolio will continue to display the listing day’s closing price.
You applied using someone else’s bankThe application may be invalid unless your PAN and Demat account details match. Extra verification may be required.

Last updated: 22 Sep 2025