Fyers IPO Investment Review 2024

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Fyers offers online IPO investing through its FYERS IPO portal. Anyone who has opened a demat account with Fyers can apply for an IPO through Fyers using the UPI-based payment mechanism. Thus, customers can now access one of Fyers' trading platforms to buy IPOs directly with Fyers. However, non UPI users can invest in the IPO through ASBA (Applications Supported by Blocked Amount)/net banking procedures. Read the complete Fyers IPO investment overview and how to apply for IPO through Fyers here.

Current and Upcoming IPO's investment with Fyers

Apply for IPO through Fyers with UPI

In January 2021, Fyers launched online IPO investing through UPI, so now any customer can apply for an IPO through Fyers IPO portal at UPI ID. Here is the list of UPIs available for online IPO investment with Fyers.

Steps to apply IPO through Fyers App

• Visit the FYERS IPO portal on the website.
• Select the IPO of your choice and click on the "Apply" option.
• Enter the price within the price range and the quantity in multiples of the lot size.
• Enter your UPI ID linked to your bank account and submit the order.
• Now accept the fund lock request sent to your UPI app.
• The IPO request is successfully placed and the funds will remain blocked until allotted.

Fyers IPO application through ASBA/Net banking process [without UPI]

Those who have opened Fyers Demat account can apply for IPO through net banking portal or ASBA mechanism. The ASBA facility will block the IPO bid amount in your bank account and upon successful allocation, it will be debited from the bank account.

Steps to apply for IPO through Fyers with ASBA mechanism

• Log in to your online net banking portal.
• Under the Investments/Demo section, look for the IPO option.
• Select the IPO you wish to invest in and click on the "Apply for IPO" option.
• Fill in Fyer's demat account details (depository = CDSL, DP ID = IN300095, DP name and demat account number).
• Enter the IPO bid and bid price or select the option to apply at a minimum price.
• Submit the IPO application and upon confirmation, the bid amount will be blocked in your bank account.

Fyers IPO application fees

Fyers offers free delivery trading, which means there is no cost to apply for an IPO through Fyers and there are no brokerage fees.

Fyers IPO investment platform

Fyers clients can buy IPO directly with UPI through Fyers IPO Portal available on Fyers web. If you have opened a demat and trading account with Fyers, you can visit the Fyers IPO Portal and apply for an IPO online.