FYERS IPO Review
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FYERS IPO Review
FYERS securities does not offer online IPO application to its customers. This means the customer cannot apply in an IPO through FYERS trading software or back office. If a trader is holding a trading account with FYERS, he/she can still apply in IPO by using net banking and apply through ASBA. Banks like ICICI, HDFC, SBI, Kotak and Axis etc. offers this facility. FYERS securities does not offer online IPO application to its customers. This means the customer cannot apply in an IPO through FYERS trading software or back office. If a trader is holding a trading account with FYERS, he/she can still apply in IPO by using net banking and apply through ASBA.
After introduction of SEBI’s new rule in Jan 2016, all applications in IPO and FPO (Initial Public Offering and Follow on Public Offering) has to be channelled through ASBA (Applications Supported by Blocked Amount) process through Self-Certified Syndicate Bank (SCSB).
Initial Public Offer (IPO)
IPO refers to the first sale of shares through which a private company sells its shares to investors. These investors could be retailers, institutions and non-individual investors. The companies go public to raise funds through IPO for working capital, debt repayment, acquisitions and a host of other users. The end stage of IPO process is listing of the company shares at one or more stock exchanges. Companies raise funds from investors for future projects through this IPO process.
An IPO application form has to be filled by the investor in order to apply for IPO stocks. It’s an opportunity for the investors as they get a chance to buy part of the company in the initial stage. IPO is also used by investors for quick listing gains by selling the share just after they start trading.
Procedure to Apply for IPO Online
1. Log-in to your net banking account using the website of your bank.
2. Click on the apply for an IPO option which will be found in the Investments/Demat section.
3. Fill the FYERS Demat account details with the bank account details to complete the process.
4. After verifying successfully, you will be directed to choose the IPO you want to invest in.
5. After selecting the IPO, enter the “Number of shares” and the “Bid Price”.
6. A confirmation will be received on the registered details when your bid is successfully confirmed by your bank.
Requirements to Make Investment in an IPO
In order to make IPO investment you need to have:
• Bank account with Self-Certified Syndicate Bank.
• Depository account with FYERS.
• Trading account required to hold shares.
Frequently Asked Questions
To buy either calls or puts, the margin requirement is only to the extent of the premium. Margin for buying options = Premium * Total Quantity.
Derivative contracts which are going to expire in the current month are called ‘Near Month Contracts’, those which expire next month are called ‘Next Month Contracts’ and those which expire after the month are called ‘Far Month Contracts’.
Fyers offers multiple modes to add funds in the traders trading account. They can add funds via IMPS/NEFT/RTGS, UPI and internet banking.
Proof of Identity, Proof of Address, PAN card, Bank statement, cancelled cheque and photographs are required to open an account with Fyers.
No, fund withdrawal is only processed through bank transfers.
No, fund withdrawals are credited only to the primary bank account.
When a customer places an order over the phone through a dealer, Fyers charge an additional ₹20 as Call & Trade Fee. Being an online stock broker, it prefers that the customer uses its online trading platform to execute orders. All trading software including an installable trading terminal, website and mobile application are made available free of charge to customers.
In that case, the client is obligated to clear all the dues to the broker immediately. Failing which, the client will be charged a penalty.
Yes, Fyers provides algo trading.
Yes, with Fyers you can place MIS order.
Yes, the minimum balance amount can be utilized to enter into any position.
Yes, Fyers allow investors to take Intraday future positions with lesser margin requirements than carry forward future transactions. But it is mandatory to square off such positions on the same day.
Anyone who has an account with Fyers is eligible for Thematic investments. It can be used by new and experienced investors alike.
Yes, FYERS provides "Good till Canceled" (GTC) or "Good till Date" (GTD) or "Valid till Date" (VTD) order.
IPV (In-Person Verification) is conducted through web camera after either collecting the account opening form or once all necessary documents are received by the FYERS’ executive.
A theme index represents the value of the particular theme/portfolio of stocks.
It is a mutual contract between two parties which derives its value from an underlying asset.
Yes indeed, as it is a regulatory requirement.
Yes, already existing Demat accounts can be linked with FYERS trading accounts. For further details, customers can contact their sales executive.
Yes, It provides market updates and news alerts.
Yes, it is mandatory to have a Demat account in order to make Thematic investments.
Traders can only nominate one person per mutual fund folio. In case, a client holds more than one folio then different nominees can be appointed for each folio.
Yes, Fyers offer advanced technical charts on its free trading terminal.
It is a facility that enables the investor to carry forward his/her futures positions beyond the expiry of contract. Basically, it’s a two-legged transaction. In the first leg the investor needs to square off the near month position, subsequently in the second leg he/she will have to take a fresh position in the same direction in the next or far month.
Yes, Fyers provides After Market Order (AMO).
The details will be communicated to the traders within 3 days from the date of transaction.
Fyers API Bridge is designed for Algo Trading. With this API, clients can develop and execute their trading strategies using their choice of 3rd party trading platform or design their own trading software.
This cycle refers to the period in which the buyer and seller of shares settle their obligation to each other. In India, we follow the T+2 settlement cycle. So, if the transaction takes place on Monday, the settlement will be done on the second trading day, which is Wednesday, if the transaction takes place on Tuesday, the settlement will take place on Thursday, so on and so forth.
Minimum margin is the margin amount that the investor should have allocated towards the open positions. If the minimum margin level is breached, the system will automatically block further funds. In case an investor does not have sufficient funds in his/her account, the position will be squared off.
It charges only for an executed order. So even if an order is executed in 5 different trades then it is considered only 1 executed order and you need to pay only ₹20.