How to apply for IPO via HDFC Bank NetBanking (ASBA)

IPO
IPO

In case you wish to apply for any of the IPOs through HDFC Bank NetBanking (via ASBA), this post is for you. Your respective bank will have the corresponding ASBA section.

ASBA stands for Application Supported by Blocked Amounts. This system ensures that the amount needed to apply for an IPO is blocked in the selected savings account, without being debited. Only in the scenario of allotment is the amount finally debited.

So, here’s the process:

Go to the HDFC NetBanking URL and login.

How to apply for IPO via HDFC Bank NetBanking (ASBA)- 01
How to apply for IPO via HDFC Bank NetBanking (ASBA)- 01
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How to apply for IPO via HDFC Bank NetBanking (ASBA)- 02
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How to apply for IPO via HDFC Bank NetBanking (ASBA)- 13

32 Responses to "How to apply for IPO via HDFC Bank NetBanking (ASBA)"

  1. Nilesh GONSALVES   March 9, 2017 at 7:41 am

    Do we need to have HDFC dmat account?

    Reply
    • Jimmy Pudussery   March 9, 2017 at 8:05 pm

      No. You only need to have the savings account of the respective bank. The demat account need NOT be of HDFC Securities. Incidentally, I do NOT have an HDFC demat account.

      Reply
  2. nilesh   March 10, 2017 at 7:48 am

    I was trying to apply but the field to fill in the DP ID was grayed out.

    Reply
    • Jimmy Pudussery   March 19, 2017 at 3:24 pm

      This would happen if your Demat account is with CDSL. In this case, the DP ID would be greyed out. You would need to update the 16 digit account number in Beneficiary Account Number field itself.

      Reply
  3. balaji   May 5, 2017 at 12:10 am

    In depository details when i select NSDL what should i enter as beneficiary account number because it is not accepting alphabates but it should be DP ID + client ID , which is alpha numeric

    Reply
  4. balaji   May 5, 2017 at 12:13 am

    NSDL number is alphanumeric which is not accepting and when i entered CSDL number it is accepting but at the last page it is redirecting to the first page of the list of IPOs

    Reply
    • Jimmy Pudussery   May 8, 2017 at 9:00 pm

      @Balaji, Thank you for your query.
      When you select NSDL, there will be two fields that need to be updated to complete DEMAT account number; viz. 1) DP ID, which will be an 8 digit alphanumberic string that starts with “IN”. i.e. for eg IN123456, and 2) the Beneficiary A/C No field, which would the 8 digit account number (unique to demat account holder).
      Hope that clarifies.

      Reply
    • Jimmy Pudussery   June 3, 2017 at 7:10 pm

      @Balaji: Have you checked whether the pop-up blocker is active in your browser? If so, deactivate the blocker. It should then work.

      About the Demat Account not being able to be entered, please refer the comment above: http://www.laughingquill.com/tips/how-to-apply-for-ipo-via-hdfc-bank-netbanking-asba/comment-page-1#comment-21361

      Reply
  5. Suraj   May 11, 2017 at 2:07 pm

    Hello,

    I have one query I have applied for one IPO through HDFC netbanking.I have zerodha DMAT account.My query is how many application are possible for single IPO?

    Reply
    • Jimmy Pudussery   June 3, 2017 at 7:12 pm

      @Suraj,
      Only one appplication is allowed per user.

      Reply
  6. Manish Gautam   May 17, 2017 at 10:58 am

    Great Post. I have applied through HDFC Bank Netbanking using another Demat account. Can you tell me following things:
    1) How would i come to know if IPO (lot) is allotted to me or not?
    2) How can i sell them off (from which screen) if they are allotted?

    Reply
    • Jimmy Pudussery   June 3, 2017 at 7:17 pm

      @Manish:
      Sure. To answer you:
      1) You should receive an email from IPO Registrar, (which in the case of Avenue Supermarts was Link Intime) indicating whether or not you have received an allotment of shares. Besides,youshould be able tocheck the status on the NSE or BSE website as well, using your application number and PAN Card details.
      2) You should be able to sell the shares on the day of listing, since the shares are added to your demat account by the date of listing.

      Reply
  7. Sajal   June 24, 2017 at 7:33 pm

    When I click on “Continue” on IPO Application page, I am redirected to new page where only “DEMO” ipos are displayed, no real IPOs are displayed.

    What could be the reason?

    Reply
    • Jimmy Pudussery   July 1, 2017 at 9:30 pm

      @Sajal: This is because there are no IPOs open at this time. Whenever the issue is open, you will see the additional IPOs will show up as additional line items (from which to select from).

      Reply
  8. shareef   July 17, 2017 at 1:14 am

    what is the Beneficiary A/C no and DP name ?

    Reply
    • Jimmy Pudussery   August 2, 2017 at 1:40 am

      @Shareef,
      – To help you answer, you should know who is the DP for your demat account, and is your account with NSDL or CDSL?
      – The DP Name would be name of the depository participant with whom you have your demat account. It could be Zerodha, Sharekhan, Edelweiss etc etc.
      – Next once you know, whether your account is NSDL or CDSL, (you should get the details from the statement that you receive either from NSDL or CDSL), following are the ways:
      –If NSDL, it will the “Client ID” in your statement, OR
      –If CDSL, The DP ID field will be greyed out and you should enter your entire 16 digit number in the Beneficiary A/C No field.

      Hope it helps.

      Reply
  9. JS Rana   August 1, 2017 at 8:09 pm

    I have a CDSL demat ac with Sushil Finance and Edelweiss. When i click on the last screen ” read the disclaimer and click agree” i am immediately logged out. The online IPO application is not accepted.

    Is there anything else i am required to do

    Reply
    • Jimmy Pudussery   August 2, 2017 at 1:24 am

      @JS Rana
      – Not sure whether you are telling that you have two Demat accounts. In that case, please use ONLY one Demat account for this.
      – To answer your other query, HDFC NetBanking has the feature of timing out, and auto logging out, if you take too long to complete the filling of the ASBA form. (this would like the IRCTC site, which logs you out, if you are idle for too long at the screen). I suggest that you readily keep all the details ready and complete the process quickly. This should help you go through the process without timing you out.

      Reply
  10. pratik shah   August 1, 2017 at 10:50 pm

    while i trying to apply IPO through HDFC i faced one problem…Detail box comes on cut of price on right side so i cant tick mark on it

    Reply
    • Jimmy Pudussery   August 2, 2017 at 1:16 am

      @Pratik: I agree, HDFC Bank sometimes has this issue. It is more of a UI/UX issue. One workaround around that would be to to enter the “Shares Bid for”, then hit the TAB button on your keyboard TWICE, and then press the spacebar. That should help you. šŸ™‚

      Reply
  11. naresh   August 2, 2017 at 6:24 pm

    I’m trying now to apply for IPO, I redirected to the IPO system website, but I’m not able to see any IPO listed. Only I can see a Demo IPO listed… Any idea why?

    Reply
    • Jimmy Pudussery   August 2, 2017 at 10:01 pm

      @Naresh,
      It may be a temporary issue. Try logging in later. You should be able to see all open IPOs and apply for the one you wish. ALL THE BEST.

      Reply
  12. Anand Inamdar   August 2, 2017 at 11:00 pm

    I have applied IPO application from HDFC successfully. Where i need to check the status of the application ?. In order book there is no record for this

    Reply
    • Jimmy Pudussery   August 19, 2017 at 12:02 am

      @Anand: It should be visible under the “IPO Order Book” Tab. Do ensure to select the Issue Name from the drop down (just select “All IPOs” :)) and the date range, and click Submit. The Order Book should populate. Hope it helps, and you managed to find the application.

      Reply
  13. Akash Prasad   August 3, 2017 at 11:32 am

    When ever i try to click on proceed and confirm.. It is again redirecting to same page where we place the order.. Any idea. why?

    Reply
    • Jimmy Pudussery   August 18, 2017 at 11:56 pm

      @Akash: This may have happened if your pop up blocker is not allowing HDFC to open the new tab. This is the page that will let you complete the steps. Seems to be a UI/UX issue with HDFC Bank. Hope that helps.

      Reply
  14. Chintan   August 3, 2017 at 11:43 am

    I have HDFC account of mine, I want to apply IPO for other’s, like my wife has demat account.

    So, How to do that?

    Reply
    • Jimmy Pudussery   August 18, 2017 at 11:43 pm

      @Chintan: The name in the Bank Account should match the Demat Account Name.

      Reply
  15. Abhi   August 3, 2017 at 2:06 pm

    Thanks Jimmy. Nice post.
    Do I need to allocate funds for IPO , if Yes, How? or will it directly get debited from my Bank Account.
    I dont have HDFC securities account, I have normal HDFC bank account which is linked to my IndiaNivesh.

    Reply
    • Jimmy Pudussery   August 18, 2017 at 11:30 pm

      @Abhi: Thank you for your kind words. The amount only needs to be there in your savings account. Once you give the go-ahead, the amount will NOT be debited, only blocked. You will see the amount under “Hold Funds” in the account summary view. The amount will be debited, only if you’re allotted shares in IPO, else the “Hold” on your funds will be removed, and the balance will reflect accordingly. Hope it helps.

      Reply
  16. Venkata Suman   August 9, 2017 at 6:03 pm

    Iā€™m trying now to apply for IPO through HDFC net banking. I’m having Zerodha Demat account after clicking on ‘Accept’ terms and conditions. It’s re-directing again to IPO application, so not able to place the order for the IPO. Can you please help me on this.

    Reply
    • Jimmy Pudussery   August 18, 2017 at 11:27 pm

      @Venkata: This may have happened if your pop up blocker is not allowing HDFC to open the new tab. This is the page that will let you complete the steps. Seems to be a UI/UX issue with HDFC Bank. Hope that helps.

      Reply

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