How to apply IPO ASBA HDFC Bank?

Home
|
How to apply IPO ASBA HDFC Bank

Investing in an Initial Public Offering (IPO) has become easier with the ASBA (Application Supported by Blocked Amount) facility. ASBA ensures that the IPO application money stays in your bank account until shares are allotted. The funds are only blocked, not debited, and you continue to earn interest on them until allotment.

How to apply IPO ASBA HDFC Bank?, being one of the leading retail banks in India, provides a seamless way to apply for IPOs directly through its NetBanking platform. If you are an HDFC customer, you can apply for IPOs online without the need for physical forms. This guide explains how to apply for IPO online via ASBA through HDFC Bank NetBanking, with detailed steps and screenshot captions.

What is ASBA?

ASBA is a process developed by SEBI that allows investors to apply for IPOs while keeping their money in their bank account. Instead of debiting the amount immediately, the money is blocked and only deducted if shares are allotted.

Key Benefits of ASBA:

Funds remain in your account until allotment.
No need for demand drafts or cheques.
Interest continues on your savings until shares are allotted.
Safe, quick, and convenient.

Pre-Requisites for How to apply IPO ASBA HDFC Bank?

An active HDFC Bank NetBanking account.
Sufficient balance in your account to apply for the IPO.
Your demat account details (DP ID and Client ID).
Correct PAN number linked with your bank account.

Step-by-Step Guide: Applying IPO through HDFC NetBanking

Here’s how you can apply for an IPO online via ASBA using your HDFC Bank NetBanking:

Step 1: Log in to HDFC NetBanking

Visit HDFC Bank NetBanking.
Enter your Customer ID and Password.

Step 2: Navigate to IPO Section

After login, go to the “Request” tab on the top menu.
Click on “IPO/Right Issues” under the “Request” section.

Step 3: Select the IPO

You’ll see a list of ongoing IPOs.
Choose the IPO you wish to apply for (e.g., Reliance Retail IPO, Tata Technologies IPO).

Step 4: Enter Application Details

Select Investor Type (Retail, HNI, Employee, Shareholder, etc.).
Enter the Bid Price (Cut-off price recommended for retail investors).
Enter the Lot Size/Quantity (must be in multiples of the minimum lot size).

Step 5: Enter Demat Account Details

Provide your Depository details (NSDL or CDSL).
Enter DP ID and Client ID carefully.
Ensure your PAN is correctly displayed.

Step 6: Confirm & Submit Application

Review all details (IPO name, investor type, bid quantity, demat details).
Click on “Submit”.
A confirmation page will appear with your application number.

Step 7: Blocking of Funds

Once submitted, HDFC Bank will block the application amount in your account.
The amount will not be debited until allotment is finalized.

Step 8: Check Application Status

You can track your IPO application under the IPO/Right Issues section.
Later, once allotment is announced, you can also check status on the registrar’s website.

Key Points to Remember

Always apply at Cut-off price to improve chances of allotment.
Ensure correct PAN and demat details; otherwise, your application will be rejected.
You can apply for IPOs only during the bidding period announced by exchanges.
HDFC Bank allows up to 5 IPO applications per account holder in certain cases.

Advantages of Applying IPO via HDFC NetBanking ASBA

100% Online Process – No paperwork required.
Secure and Reliable – Direct integration with exchanges and registrars.
Fund Blocking (Not Debiting) – You keep earning interest on your money.
Ease of Tracking – Application number and status available online.
Multiple Applications – Facility to apply for family members with linked accounts.