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Fyers IPO Review

47.74% 7,099 Clients

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. The demat account is offered in partnership with IL&FS, leading depository participants in India. 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. IPO process ends with the listing of the company shares at one or more stock exchanges.

The company coming up with IPO raises fund from investors through this process. The funds are raised for future projects, paying the debt or for 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 Application to its customer. Fyers Securities customers cannot apply in an IPO through Fyers trading software or back office.

If you have a trading account with Fyers Securities, you still can apply in IPO's online by using your online banking account (net banking) and apply for IPO through ASBA. Most of the banks like ICICI, HDFC, Kotak, SBI and Axis etc. offer this facility. Here are the steps to apply for an IPO using the ASBA:

Visit the website of the bank where you have an account.
Log in to your net-banking account.
Visit 'Online Investments -> Invest in IPO' section of the website.
Choose your bank account from which you would like to invest in IPO.
Confirm your customer detail for the IPO application.
Select the IPO you would like to apply for.
Provide your demat account information as below
- Depository = CDSL
- DP ID = IN300095
- DP Account = [Your Demat Account Number]
- DP Name = Alice Blue Financial Services Private Limited
Confirm the information and submit the application.

Note that the IPO application process may differ slightly from bank to bank.

You are required to maintain 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.

Fyers Special Offer

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.

Frequently Asked Questions

1. Can I apply in IPO through my Fyers Trading Account?

Yes, you could apply in IPO using your Fyers Demat Account. But this can't be done directly using Fyers trading software or back office.

You could use net-banking services of your bank to apply in an IPO. While applying for IPO share, just make sure to use the account number of your demat account with Fyers. Follow the steps shared above for reference.

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2. How do I apply in IPO using my Fyers Account?

It's easy and simple to apply in IPO through net-banking of the bank you have an account with.

Most banks net-banking facility offers the facility to apply in IPO's online. You can provide the demat account detail and apply in IPO. The process is 100% paperless, convenient and simple.

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3. How do I sell IPO Shares with Fyers?

You could sell the allocated IPO stocks (Mainline IPO or SME IPO) in the same way you sell any other shares at Fyers. You could sell them once the shares are credited in your Demat Account.

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

Any clients (retail, corporate, HUF) with a demat account can participate in an IPO.

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5. Can I apply in IPO's using Fyers Markets Mobile Trading App?

No

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6. Does Fyers provide IPO Recommendations to its customers?

No, Fyers doesn't have research and analysis team.

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