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 through Net Banking ASBA instead of FYERS, you may notice that the average buy price of your allotted shares is not accurate. In such cases, FYERS does not receive real-time allotment data, so the system defaults to showing the listing day's closing price as a placeholder.
Why this happens?
FYERS only receives the shares credited to your Demat account, not the bid price or allotment price when you use external ASBA routes. As a result:
- Buy average shows listing close price instead of the actual IPO price.
- This does not affect your actual holdings or P&L—just the way the buy price is displayed.
- This issue doesn’t occur if the IPO is applied directly via FYERS.
How to update the buy average price?
If you want your portfolio to reflect the correct allotment price:
- Email [email protected] with the following:
- Name of the IPO
- Number of shares allotted
- Allotment price
- FYERS will verify and manually update the buy average price in your portfolio.
- The update typically takes 24–48 working hours after all details are received.
What if?
| Scenario | Explanation |
|---|
| You applied through FYERS | Your buy average is updated automatically. No action needed. |
| You used Net Banking ASBA | You must raise a manual request with FYERS support to update the buy price. |
| You don't update the price | The portfolio will continue to show the listing day closing price as your buy average. |
| You applied using someone else's bank | Ensure the Demat account and PAN match; otherwise, the application might be invalid or require extra verification. |
For a smoother IPO experience with automated updates and faster visibility, always apply through FYERS.
Last updated: 11 Jun 2025
Related Articles
When will I know if I got IPO shares?
After applying for an IPO through FYERS, the allotment status is usually available a few days after the IPO subscription window closes. Allotments are handled by the IPO registrar and are typically finalised within 3–4 working days from the last ...
How is the price of SGB determined?
The pricing of Sovereign Gold Bonds (SGBs) involves two key stages: the issue price at the time of purchase and the market price after listing. Both are governed by different mechanisms. 1. Issue price at subscription The Government of India ...
How do I check the IPO allotment status?
After applying for an IPO, you can easily check whether shares have been allotted to you. The allotment status is released by the registrar of the IPO a few days after the issue closes. You can check it either on FYERS under the IPO Orders section or ...
Why am I not getting an IPO allotment after applying through FYERS?
Not receiving an IPO allotment after applying can occur due to factors outside the platform’s control. The IPO allotment process is regulated by SEBI and executed by the registrar of the issue. Allotments depend on the IPO’s subscription demand and ...
Are there any charges for modifying or cancelling my SME IPO application on FYERS?
No, FYERS does not charge any fees for modifying or canceling your SME IPO application. You can change the quantity, price, or even cancel the application entirely during the IPO window without incurring any penalty. Modification and cancellation ...