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IPO or FPO through HDFC Bank | Eligibility | Demat Account | Online & Offline

IPO through HDFC

Apply for IPO through HDFC Netbanking or Branch

Banks that are certified by the Securities and Exchange Board of India(SEBI ), permit a retail individual investor to apply in Initial public offering (IPOs) and Follow on Public Offer (FPOs) using Application Supported by Blocked Amount (ASBA) payment method, are known as ‘Self Certified Syndicate Banks (SCSBs)’.
HDFC Bank is one of the members of the SCSBs.
The IPO and FPO Application via ASBA is an investor-friendly way to apply for an IPO and FPO.
The ASBA is an interface that ensures that your amount leaves your saving or current account only when you are allotted shares in public issues.
You can apply for an IPO and FPO through an HDFC bank account in two ways: Offline and Online.
Now in this article, we are going to brief you on “How to Apply for IPO through HDFC Netbanking?”

Read IPOs | Types of IPOs | Fixed Price vs Book Building | Investors Types | Eligibility

Eligibility

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Let us take a look at Eligibility for IPO.

  • Savings Bank or Current Account in HDFC Bank.
  • Holder should have a sufficiently clear credit balance in his/her account, NOT including any overdraft limit, sweep-in/sweep-out facility.
  • One also needs to have a valid Demat account with any Drawing Power(DP).
  • It is required that the investor interested in applying a share in an IPO and FPO has a PAN card.

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Additional eligibility for Shareholders of the Issuer Company

  • Holds shares in dematerialised form and has applied for entitlements and /or additional shares in the issue in dematerialized form.
  • Has not renounced his/ her entitlements in full or in part.
  • Is not a renouncee to the Issue.

Read IPO through UPI – Google Pay, BHIM | UPI Registration

How to Apply for IPO through HDFC Netbanking?

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Time needed: 3 minutes.

Follow the steps given below for applying IPO through HDFC Net-banking

  1. Login

    Visit HDFC Bank website and click on the login button on the right side. In the next screen, Login using your HDFC credential.

  2. Click on IPO Application

    On your account page, click on the “Request” option from the left side menu and then on the “IPO application” option.
    Click on “Continue” next and your page will be directed to the IPO page in HDFC securities.

  3. Select the IPO

    You will be looking at a list of all IPOs open for bidding at that time.
    Select the IPO you wish to buy for and then click on “Apply”.

  4. Enter the following IPO details.

    1. Investor Type– Retail or HNI (High Net Worth Individual).
    If you are investing more than Rs. 2L then you need to select HNI, else select retail.
    2. Bid details- Enter the number of shares you want to bid for and the price per share in case of a book building issue.
    3. Cut-off price- if you agree to buy the shares at the price decided by the company during allotment.
    4. Applicant details- Select the applicant. if it’s a single account then applicant details like name, PAN, etc., will be automatically populated in the application.
    5. Depository Details- Enter the depository details like NSDL or CDSL, DP name, and Demat ID.
    Demat ID – This is a 16-digit number used to identify your demat account.

  5. Proceed

    Click on the “Proceed” button. A popup will appear requesting to enter the HDFC bank details.

  6. Accept

    Click on the “Accept” button after reading the “Terms & Conditions”. Wait for the message “Your bid has been successfully placed!”.

Can I Apply for IPO through HDFC without a Demat Account?

Yes, You can invest in an IPO through HDFC without a Demat account.
However, it is a bit different.

Whether or not you need a demat account to invest in an IPO or FPO depends on the following points:

  • You do not require a demat account to invest in an IPO or FPO, for you could apply for shares in the physical form.
    However, the physical shares that you get can’t be traded on the stock exchange.
    You will be tied to the shares until you convert them into the demat form.
  • The issue size of the IPO or FPO you plan to invest in.
    If the issue size is Rs >=10 crore, it is compulsory for investors to have a demat account.

Also Read How to Apply for IPO and FPO in SBI (ASBA)?

How to Apply for IPO through HDFC Branch?

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The process to apply for an IPO or FPO through HDFC Branch (Offline) involves the following steps-

  1. Visit a HDFC branch that offers a service for making IPO or FPO investments.
    It does not matter if your account is with some other HDFC branch.
    Although, that only select branches offer this service.
    Therefore, it is best to call and check with HDFC in advance.
  2. Fill in the ASBA – Application Supported by Blocked Account application form.
    You will have to provide your HDFC account number, PAN card number details.
    Submit the form to the branch and collect the acknowledgement slip.
    Use the acknowledgement number on the slip to follow up on your ASBA status.
  3. Make an application to invest in the IPO or FPO of your option.
    Mention the number of shares and quote the price acceptable to you (Based on price band of the IPO or FPO).
    Fill in the information correctly and ensure that you have sufficient funds in your linked saving or current account.
  4. The HDFC bank will block the application amount in your account.
    It will then forward your IPO application to the specified stock exchanges.

Also Read Types of Investors in IPO – What is the difference between RII, NII, QIB & Anchor Investors?

Download ASBA Application Forms

BSE – ASBA Form
NSE – ASBA Form
SEBI – Sample ASBA Application form

Source – HDFC bank

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