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HDFC Securities IPO Review (Apply Steps, UPI and Allotment Status)


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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.

3 Simple ways to apply in IPO with HDFC Securities

HDFC offer 3 ways to apply in an IPO:

  1. Online IPO Application
  2. Call customer service and apply
  3. Visit HDFC Securities branch and apply

HDFC Online IPO Application Process / How to apply IPO through asba HDFC bank

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:

  1. Login to HDFC Securities trading website.
  2. Click on IPO button on top navigation bar to see the list of Current IPOs/FDs.
  3. Click APPLY (in the last column) of the IPO you would like to apply for.
  4. On Place Order page select investor status (i.e. ASBA Retail), enter order information and click Proceed
  5. A confirm box click on Confirm
  6. On disclaimer page, click on I Agree button at the bottom.
  7. If enough funds are not available, as Online Fund Hold & Order Placement page appear.
  8. Select the bank account information from where you would like to transfer funds and Submit.
  9. IPO - Order Book page is loaded with information about your application.
  10. Choose IPO and click on Modify button if you would like to make any changes to IPO application while IPO is open.
  11. Click Cancel button on Order Book page to cancel the order.

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 IPO Demo

Applying in SME IPO's with HDFC Securities

HDFC Securities online IPO allows the customer to conveniently apply for public issues both book building and fixed prices online by eliminating the need to fill physical page forms.

But (as of Sept 2016) HDFC Securities doesn't offer online applications for SME IPOs (IPO's at BSE SME and NSE Emerge exchange).

HDFC customer has to apply for SME IPOs by filling out the paper IPO application forms.

Checking IPO application status with HDFC Sec

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:

  1. Login to HDFC Securities website
  2. Go to: IPO >> Order Book
  3. Check the status of your IPO application.
  4. On the same screen you could modify or cancel your IPO Order.

HDFC Securities IPO Charges / Fees

IPO Application through HDFC Sec is free for all its customers having 3-in-1 accounts. Customers do not pay any fees, charges or taxes to apply for IPO shares.

Note: Customer has to pay brokerage and taxes when they sell the shares allocated to them through IPO. The changes are the same as you sell any shares bought directly from the stock market.

HDFC Security is among the most expensive stock broker in India. Their brokerage charges are the highest in India. Flat fee brokers like ProStocks offer 60% to 90% less brokerage but they do not offer IPO as a product. Many customers of HDFC Sec also hold an account with ProStocks and transfer the IPO shares offline to ProStocks to sell them for lesser brokerage.

HDFC Securities IPO Allotment Status

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:

  1. Login to HDFC Securities website
  2. Go to: IPO >> Order Book
  3. Check the status of your IPO application.

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.

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Frequently Asked Questions

  1. 1. What time can I apply for IPO online through HDFC?

    Between IPO open and close date; you could apply for IPO's online anytime of the day (24x7).

     

  2. 2. Can I place IPO order through Call & Trade in HDFC Securities?

    Yes, HDFC customer can apply IPO by calling customer service or trading desk of HDFC Securities.

     

  3. 3. Can I cancel the IPO Application applied online through HDFC?

    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.

     

  4. 4. How many IPO application can I submit from a 1 HDFC Bank saving account?

    Only 1 IPO application is allowed per HDFC Bank saving account.

     

  5. 5. How to buy IPO shares in HDFC securities?

    HDFC Securities offers online IPO applications at BSE and NSE exchanges. You can buy IPO shares in HDFC Securities through the web, mobile app, or Call 'N' Trade facility.

    Steps to buying IPO shares in HDFC securities:

    1. Log in to your HDFC Securities account.
    2. Click on the 'IPO/OFS tab on the menu bar. Click on More on the Mobile home page and look for IPO/OFS option.
    3. Select the IPO you want to apply in from the list of open IPOs.
    4. Enter the Investor status.
    5. Click on Apply Using UPI.
    6. Enter the IPO bid details (bid quantity and bid price)
    7. Input your UPI ID and select the bank.
    8. Click on Go.
    9. Carefully read the disclaimer and click on the 'I Agree' button.
    10. Accept the UPI mandate in the UPI app.

    You can also place your IPO order by calling your RM.

     

  6. 6. How to check IPO allotment in HDFC securities?

    You can check the status of your IPO application online through the HDFC Securities website or mobile app. The allotment status on the HDFC Securities gets updated only after the shares get transferred to your HDFC Securities Demat account.

    For real-time IPO allotment in HDFC Securities, you can check the IPO registrar's official website or visit our website at IPO Allotment Status page.

    Steps to check IPO Application Status in HDFC Securities:

    1. Log in to HDFC Securities account through web or mobile app.
    2. Go to IPO/OFS.
    3. Click on Order Book.
    4. Check the status of your IPO application.

     

  7. 7. How to sell IPO in HDFC securities?

    You can sell the allotted IPO shares in HDFC Securities in the same manner as followed for any sell trade through the web, mobile, or through the Call and Trade facility.

    Steps to sell IPO in HDFC securities:

    1. Log in to your HDFC Securities mobile app or web.
    2. Click on 'More'.
    3. Select 'Trading'.
    4. Tap 'Buy/Sell'.
    5. Select transaction type as 'Sell'.
    6. Enter the company name.
    7. Input the number of units you want to sell.
    8. Select order type as Limit or Market Order.
    9. Choose Validity as IOC or Day.
    10. Click Place Order.
    11. Check order details and confirm.
    12. The sell order will get reflected in your 'Order Book' tab.

     

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Information on this page was last updated on Tuesday, May 24, 2022

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Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


4 Comments

4. Ritik   I Like It. | Report Abuse |   Link | Dec 1, 2021 8:54:33 PM Reply
I gave upstox name and upstox demat account number under DP name and Beneficiary Account number respectively.
Will I get the shares in the upstox account directly?
3. Balu   I Like It. | Report Abuse |   Link | Sep 7, 2020 11:47:40 AM Reply
I'm getting error in HDFC > after clicking agree > error "BID 2 Price is outside the Max- Min Price" and not processing further, please suggest what to do?
2. Ashwani   I Like It. | Report Abuse |   Link | Jul 27, 2018 9:34:14 AM Reply
How many application one can put if he is shareholder of hdfc bank, hdfc ltd both. Can he put 3 application then including 2 as shareholders and 1 as individuals
1. Ajith   I Like It. | Report Abuse |   Link | Jan 10, 2018 10:09:29 PM Reply
The Status of my IPO says Executed , and Cutoff is ''Y'' and Bid Status is ''A'' ... What does these all mean... Is my IPO allocated ?