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How to apply IPO through HDFC netbanking?

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

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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

Quick application process
Ease and Convenience
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-

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

Details of ASBA application from HDFC bank

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.
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.
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".
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.
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.

Frequently Asked Questions

1. Can I apply online for IPO through HDFC netbanking?

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.

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2. How to edit IPO application details in HDFC bank?
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-
- Login to HDFC netbanking account
- 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.
- On the IPO page, click on "Order Book" tab and you will be presented with the list of IPOs, you have applied in the past. Click on the IPO you wish to edit or modify and then click on "Modify".
- Edit the details as desired and click on "proceed".
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3. How to cancel or withdraw IPO application in HDFC bank?
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:
- Login to HDFC netbanking account
- 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.
- On the IPO page, click on "Order Book" tab and you will be presented with the list of IPOs, you have applied in the past. Click on radio button next to the IPO you wish to cancel and then click on cancel bid.
- Edit the details as desired and click on "proceed".
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4. Can I apply for an IPO using HDFC Bank mobile app?

No, HDFC mobile banking app doesn't provide facility to apply in IPO online.

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5. When is the application amount blocked for IPO is released in HDFC bank?

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.

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6. How many applications can I make while applying for IPO using HDFC netbanking?

For any IPO, you can make one application with three bids on the application.

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7. How to apply in IPO through hdfc bank for minor account holder?

The HDFC Bank Online IPO Application is only for resident individuals who are HDFC Bank NetBanking customers. The IPO applications cannot be made on behalf of a Minor as a Minor doesn't have access to net-banking.

The Minor's bank account is being operated online using the customer ID of guardian as the Minor doesn't have a net-banking User ID or customer ID.

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8. How to apply in IPO through HDFC Bank for Corporate, Trust, and HUF account?

The Online IPO Application of HDFC bank is only for resident individuals. You cannot make in online IPO applications on behalf of a Corporate, HUF, Trust, Minors, etc.

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9. How many IPO applications can be applied from HDFC Net-Banking?

HDFC Bank allows only 1 IPO application per bank account to resident individuals. Unlike SBI, HDFC Net-banking customers cannot apply for multiple IPO applications using an online IPO facility. HDFC bank also doesn't offer an online IPO facility to NRI, Corporate, Trust, HUF, and Minor accounts.

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10 Comments

10. Brijendra Jan 30, 2021 20:13

I applied ipo from hdfc NetBanking and it got successfully alloted to me. Now I need to sell but I'm not getting sell option of my shares.

9. Ankush Varshney Sep 8, 2020 11:22

I have Demat account with Zerodha. I am applying for a IPO through HDFC net banking. What will be the DP NAME in this case?

8. Sri Jan 18, 2021 17:36

my fund balance showing as nil and maximum amount limit also Nil. How to change the maximum amount

7. Sagar Dec 9, 2020 20:21

What is Bid Status 'A' ?

6. Chaku Sep 30, 2020 14:40

i have applied ipo through asba hdfc bank netbanking and order is success after submitting i have doubt whether i filled my DOB correctly or not so i tried to check through ipo modify but its not allowing and showing message "This IPO order cannot be modified"...pls experts light on this issue pls..

5. prudhviraj Jul 25, 2020 17:58

I have HDFC savings account, i do not haved HDFC Demat

My question is do i need HDFC Dmat account to apply for IPO. I have zerodha account.

4. PARTHASARATHY Oct 2, 2019 21:04

1 |

sir,
2 Days trying for IRCTC IPO through HDFC Netbanking but not updated. Please help me
My Account is HDFC Bank demat a/c is Indbank. Please help me sir.

4.1. Ajay maheshwari Mar 1, 2020 12:35

I am trying many time Ipo application in Hdfc bank via net banking. But IPO order no success.
I have saving account In Hdfc bank but my demat AC in choice equity

3. Kaushal Dec 18, 2019 19:28

how to apply ipo of a HUF Savings Account through hdfc bank net banking ? pls. help.

2. pradeep Dec 4, 2019 13:52

how to apply ipo of a HUF account through hdfc bank net banking

1. Anand Rathod May 15, 2019 11:59

I have Only Saving and Current account and Don't have Demat account in HDFC, still i can apply for IPO ? and after issue IPO need additional requirement for that ?

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Are you a day trader?

How to apply IPO through HDFC netbanking?

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

How to buy IPO online in HDFC?

Steps to online IPO application through HDFC

Details of ASBA application from HDFC bank

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

Frequently Asked Questions

1. Can I apply online for IPO through HDFC netbanking?

2. How to edit IPO application details in HDFC bank?

3. How to cancel or withdraw IPO application in HDFC bank?

4. Can I apply for an IPO using HDFC Bank mobile app?

5. When is the application amount blocked for IPO is released in HDFC bank?

6. How many applications can I make while applying for IPO using HDFC netbanking?

7. How to apply in IPO through hdfc bank for minor account holder?

8. How to apply in IPO through HDFC Bank for Corporate, Trust, and HUF account?

9. How many IPO applications can be applied from HDFC Net-Banking?

10 Comments