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HomeCorporate actionHow to Apply for Finvasia IPO: A Step-by-Step Guide

How to Apply for Finvasia IPO: A Step-by-Step Guide

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Table of Contents

How to Apply for Finvasia IPO?

What Happens After You Apply for Finvasia IPO?

How to Use Finvasia Demat Account to Invest in IPOs with ASBA?


Finvasia, a major Indian stock broker registered with SEBI, facilitates IPO applications for clients with a demat account and trading account. While not directly offering IPO investment services, it extends IPO support to retail, NRI, and institutional investors by offering IPO research and expert guidance. Following SEBI’s mandate, IPO and FPO applications are processed through ASBA via Self-Certified Syndicate Banks (SCSB).

By providing Finvasia DP account details, investors can apply through any SCSB, and post-allotment, they can trade and sell their shares using their Finvasia Trading account. Read and know how you can apply for Finvasia IPO, and how you can invest in IPOs with ASBA using your demat account with the broker.

Open an account with Angel One, go through our Finvasia Broker Review – Pros, Cons, Charges, Brokerage Fees Etc or continue reading.

How to Apply for Finvasia IPO?

Applying for an Initial Public Offering (IPO) through the broker involves a straightforward process, allowing allotted shares to be seamlessly credited to your Finvasia Demat account. Here is a breakdown of the steps to follow:

Step 1: Access Your Bank’s Website

Open the official website of your bank account where you have net banking access.

Step 2: Log in to Your Net Banking Account

Log in to your net banking account using your credentials.

Step 3: Navigate to ‘Online Investment’ Section

Find the ‘Online Investment’ or similar section in your net banking interface and select ‘Invest in IPO’.

Step 4: Add Yourself as an Applicant (For First-Time Applicants)

If this is your first IPO application, follow these sub-steps:

  1. Click on the ‘Profile’ tab at the top of the page.
  2. Choose ‘Manage IPO Applicant’.
  3. Enter your net banking password and click ‘submit’.
  4. Provide the required information: Name, PAN, and your Finvasia demat account details.
  5. Confirm the details and validate with an OTP received on your registered mobile number.

Upon validation, you will receive confirmation via SMS and email.

Step 5: Review Terms and Conditions

Access the ‘IPO enquiry’ section and carefully read through the terms and conditions before clicking the accept button.

Step 6: Select Your Desired IPO

From the list of available IPOs, choose the one you wish to apply for.

Step 7: Specify Number of Lots

Enter the number of lots you intend to purchase, staying within the maximum limit.

Step 8: Provide Your Finvasia Demat Account Details

Fill in your Finvasia demat account details as follows:

  • DP Name: Finvasia Securities Private Limited
  • DP Account Number: [Enter Your Demat Account Number]
  • Finvasia DP ID: 12084300
  • Depositary: CDSL

Step 9: Confirm and Submit Application

Double-check your entered details and then submit your IPO application.

By following these steps, you can effectively apply for IPOs through your net banking platform.

What Happens After You Apply for Finvasia IPO?

Upon successfully submitting your IPO application as per the outlined steps, an essential sequence of events is set in motion to ensure a streamlined process:

1. Confirmation Email/SMS

Following the successful submission of your IPO application through your bank’s net banking platform, you can expect to receive a confirmation email and/or SMS from your respective bank. This communication will acknowledge the receipt of your application and confirm the details of your request.

2. Amount Blockage

Once your application is acknowledged, the specified amount you intended to invest in the IPO will be temporarily blocked in your bank account. This ensures that the funds necessary for the application are reserved, safeguarding your ability to fulfill the investment.

3. Allotment Outcome

If you are fortunate enough to receive an allotment of shares as a result of the IPO subscription process, the previously blocked amount will now be debited from your account. In essence, the funds will be utilized to secure the shares that have been assigned to you.

4. Unblocking of Funds (Non-Allotment)

In the scenario that you do not receive an allotment of shares, there is no need for concern. The initially blocked amount will be promptly unblocked and made accessible in your account. This ensures that you have full access to the funds that were reserved for the IPO application.

5. Crediting Allotted Shares to Finvasia Demat Account

For successful allotments, the allotted shares will be systematically credited to your Finvasia Demat account on the designated or prescribed date. This is a pivotal step that transforms your investment on paper into tangible shares held within your demat account.

This systematic process, orchestrated in collaboration with your bank, will ensure that your allotted shares are smoothly credited to your Demat account. The intricate coordination between banks, demat accounts, and the broker platform ensures that investors’ interests are well-protected and that the investment experience is both efficient and dependable. There is a secure and controlled transfer of funds and shares during the IPO subscription journey.

Go through our Flattrade Vs Finvasia Comparison: Features, Pros and Cons, Investment Options and Order Types.

How to Use Finvasia Demat Account to Invest in IPOs with ASBA?

To invest in an IPO, follow these steps:

1. Log in to Net Banking Account

Access your net banking account using your credentials.

2. Navigate to Investment Options

Within your net banking interface, locate the ‘Investment’ or similar section and select ‘IPO’.

3. Select Desired IPO

On the IPO page, choose the specific IPO you intend to invest in.

4. Provide Essential Information

Input the necessary details including PAN number, Finvasia Demat Account Number (16-digit DP Number), the desired number of shares, and the bid price (with the option to select the cut-off price).

5. Submit Application

Ensure your bank account has sufficient funds, and then submit the application.

For clients whose banks do not support paperless ASBA applications or do not offer online banking, an alternate process is required. These clients must complete a physical application form and submit it to a syndicate member. The syndicate member will then forward the application to the client’s bank to block the required amount in the bank account.

Open an account with Upstox.


Finvasia customers can conveniently participate in IPOs using the net banking facilities provided by their respective banks. Prominent banks like HDFC Bank, ICICI Bank, SBI Banks, Kotak Mahindra, Axis Bank, and others offer an online option for IPO application. Once allocated, the IPO shares are directly credited to your Finvasia Demat Account. Subsequently, you have the option to trade or sell these shares through your Finvasia trading account after the IPO’s listing.

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