Published on Thursday, August 30, 2018 by Admin | Modified on Friday, November 23, 2018
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
This article aims to explain the process to apply for IPO online using HDFC netbanking.
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.
The process to apply online for an IPO through Axis internet banking involves following steps-
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.
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.
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".
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.
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.
To apply for an IPO through HDFC bank net banking, you should-
Be above 18 years
Yes, HDFC is a member of SSCBs (Self Certified Syndicate Banks). SSCBs are allowed by SEBI to accept online IPO applications from investors. If you hold a savings or current account (single or joint) with HDFC Bank and have a demat account then you can apply for an IPO using Axis netbanking.
You can edit your IPO details under the ASBA facility. However, you can only edit it during the IPO bidding window and not after the closure of bidding process. To edit ASBA details of an existing IPO in HDFC bank, take the following steps-
You can cancel your bids or withdraw your IPO application under the ASBA facility. However, you can only do it during the IPO bidding window and not after the closure of bidding process. To withdraw IPO application in HDFC bank, take the following steps-
No, HDFC app doesn't currently provide IPO application facility.
When you apply for an IPO using HDFC bank ASBA process, the application amount is marked as lien or blocked. This amount is released on the next working day of finalization of allotment.
For any IPO, you can make one application with three bids on the application.
No record Found
Stock Broker ComparisonCompare Share Brokers Side-by-Side Comparison List of Stock Brokers Broker Complaints Monitor Articles / Tutorials Glossary
Discount BrokersZerodha (Flat ₹20) ProStocks (₹15 per trade) Upstox RKSV (Flat ₹20) 5paisa Trade Smart Online More Discount Brokers >>
Full Service BrokersICICI Direct Sharekhan HDFC Securities Ventura Securities Kotak Securities More Full-Service Brokers >>
More About BrokersSpecial Offers Broker Reports Top 10 Discount Brokers Top 10 Full-Service Brokers Top 20 Share Brokers
History of ChittorgarhHistory of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)
Tourism at ChittorgarhFort of Chittorgarh Photo Gallery Around Chittorgarh How to Reach Palace on Wheels