How to purchase IPO through Fyers without UPI?

Question

Accepted Answer · 2021-01-06

Here is the complete step by step process to buy IPO through Fyers using ASBA//net banking (without UPI) process:

Login to your bank account using your net banking portal.
Go to the “IPO” investment option.
Select the right IPO of your choice and click on the “Apply IPO” option.
Enter your demat account number, DP ID, and CDSL as a DP.
Provide IPO bid (lot) size and bid price.
Submit the IPO application order. Upon successful bid, the amount will gets blocked in your bank account till the date of allotment.
If you get the allotment, the amount will be debited from your bank account otherwise will be unblocked.

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