Here is the complete step by step process to buy IPO through Fyers using ASBA//net banking (without UPI) process:
- Login to your bank account using your net banking portal.
- Go to the “IPO” investment option.
- Select the right IPO of your choice and click on the “Apply IPO” option.
- Enter your demat account number, DP ID, and CDSL as a DP.
- Provide IPO bid (lot) size and bid price.
- Submit the IPO application order. Upon successful bid, the amount will gets blocked in your bank account till the date of allotment.
- If you get the allotment, the amount will be debited from your bank account otherwise will be unblocked.