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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.
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 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.
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 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.
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.
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:
You can also place your IPO order by calling your RM.
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:
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:
Zerodha (Flat Rs 20 Per Trade)
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.
Information on this page was last updated on Saturday, November 18, 2023
Zerodha (Flat Rs 20 Per Trade)
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.
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