Why does the buy average of my IPO holding applied via Net banking 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 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?

ScenarioExplanation
You applied through FYERSYour buy average is updated automatically. No action needed.
You used Net Banking ASBAYou must raise a manual request with FYERS support to update the buy price.
You don't update the priceThe portfolio will continue to show the listing day closing price as your buy average.
You applied using someone else's bankEnsure 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

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