HDSC Sec (HDFC Securities) is 2nd most popular stock broker in India offering 3-in-1 account (Savings Bank Account + Demat Account + Trading Account) to retail investors.
Initial Public Offers (IPOs) is one of the key offering from HDFC Securities. HDFC customer who hold 3-in-1 account can apply in IPO online though HDFC Securities investment portal.
HDFC Securities offers online IPO applications for IPO's at BSE and NSE exchanges.
HDFC offer 3 ways to apply in an IPO:
Online Investing in IPO's with HDFC Bank is among the easiest, safest, fastest and convenient way to apply for IPO shares in India.
You can apply in IPOs on a single click or a call based on your convenience. Below are few easy steps to apply IPO with HDFC Securities:
Once you submit the online IPO form, HDFC Sec will complete remaining formalities related to submission of your IPO form using the Power of Attorney issued by you at the time of account opening.
HDFC Securities online IPO allows customer to conveniently apply for public issues both book building and fixed price online by eliminating need to fill physical page forms.
But (as of Sept 2016) HDFC Securities doesn't offer online applications for SME IPO's (IPO's at BSE SME and NSE Emerge exchange).
HDFC customer has to apply in SME IPO's by filling the paper IPO application forms.
HDFC customer can call the customer service to check the IPO application status of follow the below simple steps to check the status of you IPO application online:
IPO Application though HDFC Sec is free for all its customers having 3-in-1 account. Customer do not pay any fee, charges or taxes to apply for IPO shares.
Note: Customer has to pay brokerage and taxes when they sell the shares allocated to them though IPO. The changes are same as you sell any shares bought directly from the stock market.
HDFC Security is among the most expensive stock broker in India. There brokerage charges are highest in India. Flat fee brokers like ProStocks offers 60% to 90% less brokerage but they do not offer IPO as a product. Many customer of HDFC Sec also hold account with ProStocks and transfer the IPO shares offline to ProStocks to sell them for lesser brokerage.
IPO allocated shares are credited directly to your HDFC demat account and available for you to sell them on date of list at the exchanges.
You can check the IPO Allotment Status on HDFC Sec website using following steps:
You could also check you demat allocation to find out the allocated IPO shares.
Note: The IPO allotment status on HDFC website is updated only after the shares are transferred to your HDFC Demat Account (usually a day before IPO shares listing). If you would like to check the allotment status earlier, please visit IPO registrar's website.
Between IPO open and close date; you could apply for IPO's online anytime of the day (24x7).
Yes, HDFC customer can apply IPO by calling customer service or trading desk of HDFC Securities.
Yes, you can withdrew an IPO Application while the IPO is still open (bidding is in progress) before 2 PM on the issue closing date.
To cancel you application; login to HDFC Sec website, visit Order Book under IPO section, choose the IPO application you would like to cancel and place the request for cancellation.
After successful processing of your withdrawal request, the money will be unblocked in your bank account.
Only 1 IPO application is allowed per HDFC Bank saving account.
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