How to apply IPO through HDFC netbanking?

Published on Thursday, August 30, 2018 by Admin | Modified on Friday, March 20, 2020

How to apply for an IPO through ASBA using HDFC netbanking?

Introduced in 2018 by SEBI, ASBA has become a popular way to apply for IPOs among retail investors. ASBA offers many benefits to an investor like

1. Quick application process
2. Ease and Convenience
3. Interest earning on blocked application amount

This article aims to explain the process to apply for IPO online using HDFC netbanking.

How to buy IPO online in HDFC?

HDFC is one of the members of the SCSBs (Self Certified Syndicate Banks). SCSBs are allowed by the SEBI to accept online IPO applications from investors.

Steps to online IPO application through HDFC

The process to apply online for an IPO through Axis internet banking involves following steps-

1. Login to your HDFC NetBanking Account.
2. Click on "IPO Application" under Request on the left side menu.
3. Select the IPO
4. Enter IPO details
5. Confirm your Order

Details of ASBA application from HDFC bank

1. Login to your HDFC online account

   Visit www.hdfcbank.com and click on login button on the right side. In the next screen, login using your HDFC account user ID and password.

   

2. Click on "IPO Application" under Request on the left side menu

   On your account page, go to left side menu and click on "Request" and then on "IPO application." Click on "Continue" next and you will be directed to the IPO page in HDFC securities.

   

   

3. Select the IPO

   In the next screen, you will be presented with a list of all IPOs open for bidding at that time. Select the IPO you wish to apply for and click on "Apply".

   

4. Enter IPO details

   In this page, you need to provide your details for the IPO.

   

   First, you need to select your investor status- retail or HNI. If you are investing more than 2 lakhs then you need to select HNI, else select retail.

   Second, you need to enter bid details. You can enter upto 3 bids. Enter the number of shares you want to bid for and price per share in case of a book building issue. Tick on the cut-off price, if you wish to. Selecting the cut-off price means that you agree to buy the shares at the price decided by the company during allotment.

   Third, if you are using a single account then applicant details like name, PAN etc., will be automatically populated. However, you need to depository details like your depository- NSDL or CSDL, DP name and ID.

   Once you have filled all the details, click on "Proceed". A popup will appear requesting to enter the bank details. In case the pop-up doesn't appear, please check if your browser has blocked the popup.

   

5. Confirm Your IPO Order

   Place and confirm your Order by click "Accept" after reading the "Terms & Conditions". Wait for the message "Your bid has been successfully placed!". Click "close" and done.

Eligibility- Who can apply for an IPO online through HDFC Bank netbanking?

To apply for an IPO through HDFC bank net banking, you should-

Be above 18 years

• Hold a savings or a current account with the bank.
• Hold single or joint account.
• Have a demat account
• Have Permanent Account Number (PAN).
• Have sufficient funds for IPO.

FAQ's