For shares allotted to you in an IPO, Rupeezy sets your average buy price to the IPO's issue price. That's what almost every applicant pays, so the figure is usually right. If you paid less because the IPO gave you a discount — as an eligible employee, or as a retail investor in an IPO that offered one — the app doesn't account for it, and your average price will show higher than what you paid. Raise a support ticket and the Rupeezy team will correct it.
Why does my IPO holding show the issue price?
In a book-built IPO, bidding ends with one issue price, and every allotted applicant pays it — Individual, HNI, Employee or Shareholder alike. Even if you bid at a higher price within the band, you're only charged the issue price and the difference is released back to you. So the issue price is the right average price for nearly everyone.
When would I have paid less than the issue price?
Only when the IPO offered a discount. SEBI lets an issuer give a discount of up to 10% to retail individual investors, eligible existing shareholders and employees in the employee reservation, on applications of up to ₹2 lakh. The offer document announces the discount and who gets it. Most IPOs don't offer one.
If yours did and you qualified, you paid the issue price minus the discount, but your holding still shows the full issue price.
How do I get my average price corrected?
Raise a support ticket and include:
- the IPO's name,
- the number of shares allotted to you, and
- the discounted price you paid per share.
The Rupeezy team updates the average price on your holding. It isn't something you can edit yourself.
Things to keep in mind
- This only changes the average price shown on your holding. The number of shares allotted to you and their credit to your demat account are unaffected.
- Until it's corrected, the P&L the app shows for that holding is worked out from the higher issue price, so it looks smaller than your actual gain.
- If your average price shows 0 instead, that's a different situation — usually shares transferred in from another account, or only bonus shares left. See Why is the average buy price of my stock showing as 0?