Terms & Conditions

These Terms & Conditions ("Terms") govern your use of the Investoyard website and mobile application (together, the "Platform"), operated by Safal Capital Services Private Limited ("we", "us"). By registering on or using the Platform you accept these Terms and our Privacy Policy.

1. What the Platform is

Investoyard is an IPO information and application-facilitation platform. It aggregates public-issue information (dates, price bands, subscription, listing data and unofficial grey-market indications) and facilitates IPO applications through established market infrastructure — UPI-mandate (ASBA) applications routed over merchant-banker rails to the stock exchanges, and prefilled bank ASBA forms. We are a distributor of public issues; we are not a stockbroker, investment adviser, research analyst or portfolio manager.

2. No investment advice

Nothing on the Platform is investment advice or a recommendation to subscribe to, buy or sell any security. Data — including grey-market premium — is provided for information only. Investment in securities is subject to market risk; take decisions independently or with a SEBI-registered adviser.

3. Eligibility & your account

  • You must be 18 or older, resident in India, and hold a valid PAN, demat account and bank account.
  • Information you provide must be accurate, current and your own; keep your login and OTPs confidential.
  • We may suspend or terminate accounts used unlawfully or in breach of these Terms.

4. Applications & the self-PAN rule

  • Every IPO application — including for family members — must use that applicant's own PAN, demat account and bank/UPI. Third-party payments are not permitted under SEBI's framework.
  • Funds are blocked in the applicant's own account under ASBA and are debited only on allotment; blocks release automatically if shares are not allotted.
  • Application windows, allotment, refunds and listing are controlled by the issuer, registrar and exchanges — not by us. Cut-off times on the Platform may be earlier than exchange deadlines.
  • You are responsible for the accuracy of every application you submit or print, including bid quantities and amounts.

5. Data on the Platform

Issue data is compiled from exchanges, registrars, issuer documents and other public sources on a best-effort basis and can be delayed, incomplete or wrong. Grey-market premium is unofficial, unregulated market chatter. Verify critical facts against the issuer's offer documents before acting.

6. Charges

Platform features are currently offered free of charge. We may introduce or change charges prospectively with notice on the Platform.

7. Intellectual property

The Platform, its design, software and content (excluding issuer documents and exchange data) are our property or licensed to us. You may not copy, scrape, resell or create derivative works from the Platform without written permission.

8. Limitation of liability

To the maximum extent permitted by law, we are not liable for indirect or consequential losses, market losses, non-allotment, delays or failures caused by exchanges, banks, UPI systems, registrars, network outages or events beyond our reasonable control. Our aggregate liability for any claim is limited to the charges (if any) you paid us for the service concerned.

9. Governing law & disputes

These Terms are governed by the laws of India. Courts at the registered office of Safal Capital Services Private Limited shall have exclusive jurisdiction, subject to any mandatory investor-protection forums. Market complaints may also be raised on SEBI SCORES or the ODR portal.

10. Changes to these Terms

We may amend these Terms from time to time; the current version is always available on this page and continued use after changes constitutes acceptance.