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

52.6% 18,340 Clients

Finvasia is a fast growing online stock broker offering brokerage free trading at BSE, NSE, and MCX. Finvasia is also a depository participant with CDSL through which they provide a demat account.

Finvaisa started zero brokerage trading since 2016. Since then the company made over 10,000 customers (as of Jan 2018).

Finvasia built an in-house trading platform Scalpert. This platform offers online trading facility through the website and a mobile application. This trading platform is available for free to all its customers.

Initial Public offer is a popular way investors buy shares in the early stage of the listing of a company. It gives an opportunity to invest for long terms in promising sectors and companies at a reasonable price. IPO investing also gives quick profit with limited risk in many cases for short-term investors.

How do I apply in IPO with Finvasia?

Finvasia offers the demat account but it doesn't offer online IPO applications.

Note: Do not get confused with the statement on its website which says 'You can invest in IPO online, with the same convenience to invest in equities hassle free and zero paperwork.' This statement doesn't mean they provide facility to apply in IPO's online like other brokers.

Finvasia clients can apply in IPO's using net banking offered by the bank. Most banks including ICICI Bank, HDFC Bank, SBI Banks, Axis Bank, Kotak Mahindra etc. provide an option to apply for IPO shares online. The process of applying IPO's via bank account is simple.

Note that this process has nothing to do with Finvaisa except you are using your Finvasia demat account information. The IPO allocated shares are deposited directly to you Finvasia Demat Account. You could sell them through their trading account post listing of IPO shares.

Steps to apply in IPO with Finvasia

  1. Visit website of the bank where you have an account
  2. Log in to your net banking account
  3. Visit 'Online Investments' section of the website
  4. Visit 'Invest in IPO' section
  5. Choose your bank account from which you would like to invest in IPO.
  6. Confirm your customer detail for the IPO application.
  7. Select the IPO you would like to apply for.
  8. Provide your demat account information as below
    • Depository = CDSL
    • Finvasia DP ID = 12084300
    • DP Account Number = [Your Demat Account Number]
    • DP Name = Finvasia Securities Private Limited
  9. Confirm the information and submit the application

You get a confirmation from your bank for your application successfully submitted to the exchange by end of the day.

The allotted shares (if any) are credited to your Finvasia Demat Account. They are available for sell on the listing day.

The IPO application money remains locked in your bank accounts and get released once the allotment is done.

Frequently Asked Questions

  1. 1. Can I buy IPO shares online with Finvasia?

    No, Finvasia doesn't offer online IPO. You could use your Finvasia demat account and apply through bank account.


  2. 2. How do I apply in IPO using my Finvasia Demat account?

    Most banks net banking facility offers tools to apply in IPO's online. You can provide the Finvasia demat account and apply in IPO using the steps shared above.


  3. 3. How do I sell IPO stocks through Finvasia Trading Account?

    You could sell the allocated IPO stocks (Mainline or SME IPO) in the same way you sell any other company's shares at Finvasia. You can sell the IPO shares only after the listing date. The listing date is announced by the exchange after IPO allotment is done.


  4. 4. Who can apply in IPO's with Finvasia?

    Clients who has a demat account can participate in an IPO. On the time of applying in IPO, if you mention the demat account information of your Finvasia demat account, the allocated shares are created into your demat account.


  5. 5. How much fee do I have to pay to apply IPO online with Finvasia?

    Finvasia doesn't offer the facility to apply in IPO


  6. 6. Can I apply in IPO's using Finvasia Mobile App?

    No, Finvasia doesn't offer online IPO.


  7. 7. Does Finvasia offer online IPO to its NRI customers?

    No, Finvasia doesn't offer IPO's to NRI's.


  8. 8. Does Finvasia offer research report about upcoming IPO's?

    Yes, Finvasia analyze and offer detail research report document about IPO's to its Clients.


Contact Finvasia / Request Call Back

Leave your contact information and we will get in touch with you....

Information on this page was last updated on Tuesday, August 24, 2021


Add a public comment...