Fyers IPO Review (Apply Steps, UPI and Allotment Status)

Incorporated in 2015, Fyers Securities is an online discount broker based in Bengaluru. Fyers offers trading services in equity, currency, derivatives etc ., in NSE. It charges a fixed brokerage fee of RS 20 per trade. To trade in equities, derivatives, currencies or invest in mutual funds with Fyers, you would need a trading account, a demat account and a bank account linked with it.

Fyers Trading Platform is one of the most advanced platforms for trading in India. The platform includes an in-house developed installable trading terminal, websites, and mobile app. The trading software comes with integrated TradingView charts. TradingView, a US-based chart provider is the best charts provider in the world market today.

Fyers 2-in-1 account includes a trading account and a demat account. Both these accounts are linked together for seamless transactions between them. The customer could maintain both these accounts online.

Fyers brokerage plans are simple and ultra low-cost. They offer commission-free equity delivery trading (cash & carry). They charge flat Rs 20 per trade brokerage fees for all other segments at NSE and MCX.

Initial Public Offer

Initial Public Offer or IPO is a public offering through which a privately held company sells its shares to investors. The investors include retail, institutions and other non-individual investors. The IPO process ends with the listing of the company shares at one or more stock exchanges.

The company coming up with an IPO raises funds from investors through this process. The funds are raised for future projects, paying the debt or simply selling the shares of the promoters.

The investor gets an opportunity to buy part of the company at an early stage. Some investors also use IPO for quick listing gain by selling the shares just after they start trading at the exchanges.

Online IPO Investment for Fyers Customers

Fyers Securities doesn't offer Online IPO Applications to its customer. Fyers Securities customers cannot apply for an IPO through Fyers trading software or back office.

If you have a trading account with Fyers Securities, apply for an IPO through UPI. Here are the steps to apply for an IPO using the UPI:

1. Create a UPI ID with any of the UPI apps. Skip if you already have one.
2. Go to the portal here.
3. Click Apply on the IPO of your choosing and enter the required details: 
• Depository = CDSL
• DP ID = IN300095
• DP Account = [Your Demat Account Number]
• DP Name
4. Approve UPI Request
5. Confirm the UPI mandate in your UPI app

You are required to maintain a sufficient balance in your bank account to pay for the application money. The application money is blocked from withdrawal and not debited from the account. You continue to earn interest on this money. The money will be debited only if you are allotted shares.

In case of allotment, the allotted shares will be credited to the Demat account mentioned in the application. You can sell it from the listing day.

You can withdraw or cancel the application during the IPO bidding window.

Frequently Asked Questions

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Information on this page was last updated on Monday, August 21, 2023