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

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


This post is for you, in case, you wish to apply for IPO via HDFC Bank NetBanking (ASBA). 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.

Prerequisites before you apply IPO via HDFC Bank NetBanking (ASBA):

  • You have a bank account with HDFC Bank.
  • You have a demat account (not necessarily with HDFC Securities), and you know the demat account details (viz. Demat account number, name of the DP, and know whether the Demat account is with NSDL or CDSL).
  • This is important! You have allowed the pop-ups for HDFC Bank and HDFC Securities.  Following is the process to allow pop-ups for HDFC
    • For Google Chrome:
      • Click the More More at the top right of the Chome browser
      • Click Settings.
      • At the bottom, click Advanced.
      • Under “Privacy and security,” click Content settings.
      • Click Popups.
      • Under “Allowed“, click “Add“. Turn Allowed on or off.  Type https://[*.] and https://[*.] This is will ensure that the pop-ups are allowed for HDFC Bank.
    • You may search online for the steps to allow pop-ups for other browsers, and implement them.

Steps to apply IPO via HDFC Bank NetBanking (ASBA):

So, here’s the process:

Go to the HDFC NetBanking URL and login.


You have now successfully applied for the IPO through the HDFC Bank ASBA online application method. Refer this post to check allotment status for the applied IPO.

Additional Resources:

67 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?

  2. 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.

  3. 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.

  4. 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.

  5. 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

  6. 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

  7. 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.

  8. Suraj   May 11, 2017 at 2:07 pm


    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?

  9. 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?

  10. 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:

  11. Jimmy Pudussery   June 3, 2017 at 7:12 pm

    Only one appplication is allowed per user.

  12. Jimmy Pudussery   June 3, 2017 at 7:17 pm

    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.

  13. 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?

  14. 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).

  15. shareef   July 17, 2017 at 1:14 am

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

  16. 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

  17. 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

  18. 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. 🙂

  19. 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.

  20. Jimmy Pudussery   August 2, 2017 at 1:40 am

    – 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.

  21. 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?

  22. Jimmy Pudussery   August 2, 2017 at 10:01 pm

    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.

  23. 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

  24. 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?

  25. 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?

  26. 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.

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

    I’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.

  28. 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.

  29. 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.

  30. Jimmy Pudussery   August 18, 2017 at 11:43 pm

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

  31. 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.

  32. 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.

  33. Vikas Rajak   August 22, 2017 at 3:54 pm

    when I am pressing on I Agree it is giving error that your session has been invalidated in hdfc netbanking, can we enter detail in all 3 bid places ?

  34. Venkata Suman   August 22, 2017 at 7:30 pm

    @Jimmy: Thanks for the info. I’m able to fill the IPO application, but i didn’t able to order the IPO. It’s keep on re-directing to IPO application where we fill all the details.

  35. vipin   September 7, 2017 at 5:53 pm

    I want to apply for IPO application. But on HDFC site, when I click on “application for IPO” link, Its not redirecting me to the page. It shows a blank page.

  36. Avinash   September 7, 2017 at 8:29 pm

    What is ui/ux issue

  37. Akshit GARG   September 20, 2017 at 9:50 pm

    I have HDFC Demat account. I have to apply for IPO through HDFC net banking. May I know what will be my DP Name?

  38. Jimmy Pudussery   September 21, 2017 at 12:56 am

    @Akshit: If you have a demat account with HDFC Securities, you should be able to apply for IPOs through the HDFC Securities portal. But, to answer your question, your demat account DP Name would be HDFC Securities.

  39. Jimmy Pudussery   September 21, 2017 at 12:56 am

    @Avinash: User Interface, and User Experience.

  40. Jimmy Pudussery   September 21, 2017 at 12:58 am

    @Vikas: You should be able to enter details in all the three rows for differential price bids.

  41. Jimmy Pudussery   September 21, 2017 at 12:59 am

    @Venkata: I am unable to think of any other reason, other than the pop-up blocker being active. Try raising a ticket with HDFC Bank for the resolution.

  42. Jimmy Pudussery   September 21, 2017 at 1:03 am

    @Vipin: Not sure, I understood your query. Could you repeat which step you are having issues with. The most common reason for the application not going through is usually the pop-up blocker being active. Temporarily allowing the pop-ups works OR allow [*] AND [*] That should let you complete the IPO application.

  43. JS Rana   September 21, 2017 at 5:23 am

    I am redirected back to the IPO application page. I have disabled pop up blocker. Somewhere you have said “Seems to be a UI/UX issue with HDFC Bank. Hope that helps.”
    How to resolve this. Why dont other successful applicants face this issue. Can it be a browser problem. Am using chrome

  44. JS Rana   September 21, 2017 at 5:32 am

    Reference to my earlier question. I have solved it. Problem is with Chrome. Worked without any problem with Internet Explorer. Must allow popups in settings of IE

  45. harsha shrivastava   September 22, 2017 at 1:05 pm

    I m not able to place order through hdfc net banking andwhen I am trying to through ipo application than apply ipo than not able to put my Nsdl dp ac in that kindly tell me solution for that

  46. HEMANT MALAV   September 27, 2017 at 10:45 am

    I have 3-4 demat account of my family, and want to apply through my HDFC saving account. But there is only one application accepted. Please guide how to apply more over application thorough single saving account.

  47. Jimmy Pudussery   October 8, 2017 at 11:09 pm

    @Hemant: You would need to have a unique HDFC savings account, and a demat account in the name of the person. So, since you already have 3-4 demat accounts in the name of your family members, you can apply through the HDFC NetBanking accounts of each of the family members. Hope that helps!

  48. Jimmy Pudussery   October 8, 2017 at 11:14 pm

    @Harsha: Not sure why you are facing that problem. I have an NSDL account as well. Never faced a problem. What exact issue are you facing?

  49. Jimmy Pudussery   October 8, 2017 at 11:16 pm

    @Rana: That is correct. It seems to an issue with the HDFC Bank/HDFC Securities user experience that needs to be improved. The pop-up blocked notification is not very easily noticed by everyone, and one may feel that the application is not going through.

  50. Hiren   October 9, 2017 at 3:50 pm

    Hi Vikas,
    Were you able to resolve the “session invalidated” issue? I am facing the problem even if I enter details in a single row.

  51. Nileshkumar Chhallani   October 20, 2017 at 7:44 pm

    Hi, how do I apply for IPO applications for my family who do not have savings account with HDFC ?

  52. Shakil   October 22, 2017 at 11:20 am

    Can we apply for SME IPO through HDFC online banking ?
    If yes than can we also apply for NSE SME IPO through HDFC online banking ?
    Please, reply !

  53. Pingback: Check IPO Allotment Status for Indian IPOs - LaughingQuill

  54. Jimmy Pudussery   October 25, 2017 at 10:17 pm

    @Nileshkumar: You could apply for the your family members through ASBA feature of the respective banks where they have the bank accounts with. This is assuming that the your family members have demat accounts of their own as well.

  55. Jimmy Pudussery   October 25, 2017 at 10:18 pm

    @Shakil: Yes, you can apply for the SME IPOs through HDFC Netbanking ASBA option.

  56. Venkatesh   October 26, 2017 at 11:10 am

    Hello sir, I want apply ipo through hdfc bank for me and for my father, however there is no option 2 application as it not asking my father demat detail. Please help however can I apply 2 application in one hdfc bank account. Thank you

  57. Nileshkumar   October 27, 2017 at 1:47 pm

    Thanks jimmy for replying, so from your response, can i deduce that family members who do not have account with HDFC Bank cannot apply their ipo application via my HDFC saving account ?

  58. Jimmy Pudussery   October 30, 2017 at 10:51 am

    @Venkatesh: Thank you for your query. You can apply for only one application through your demat account. In case you wish to apply for your father, he would need a demat account and a savings account combination that he will need to apply through. Hope this clarifies.

  59. Jimmy Pudussery   October 30, 2017 at 10:58 am

    @Nileshkumar: You are partially correct. Every family number will need a demat account and a saving account. You can login to their respective HDFC Bank account view, and apply through the ASBA in their login. Hope this clarifies your query further.

  60. Amandeep   November 10, 2017 at 12:02 am

    Hello Sir
    Information you have given is tremendous. Thanks for all that effort,
    I have one query. Once I go to ipo page, First applicant details are automatically pre-populated with my name and PAN card. As I want to apply for My mom using mom DP ID details, How can I change PAN CARD details with my Mom pan card detail?

  61. Jimmy Pudussery   November 13, 2017 at 12:46 am

    @Amandeep: Thank you for your kind words.
    To answer your question, to apply for the IPO for Mom, you will have to log in to HDFC NetBanking through your Mom’s login credentials (OR whichever bank your mom may hold a bank account with), and apply for the IPOs through there. As per law, the bank account details and the demat account details should be of the same applicant. Hope it helps.

  62. Udit Mahajan   January 10, 2018 at 11:34 pm

    hi, Great article.
    My account is with Sharekhan and my DP ID is an 8 digit number, will it accept it? More so over I am getting confused about this beneficiary a/c no.
    Could you please shed some more light on this Depository Details.


  63. Jimmy Pudussery   January 24, 2018 at 1:42 am

    @Udit: Thank you for your kind words. To answer your query, assuming your Sharekhan demat account is an NSDL account, then the DP ID of Sharekhan (something like IN123456) will be the DP ID, while your account number (will be a 8 digit number like 12345678) will be the beneficiary A/C no. Hope it clarifies.

  64. Harshajeet   March 9, 2018 at 12:09 am

    Hi Guys, I need your help. I have demat account with Zerodha and HDFC and below are my questions. Kindly let me your response: –
    1) Can I apply for IPO using both demat ID account? If yes, can I do it through HDFC securities using different Demat ID’s (Zerodha and HDFC).
    2) If no, then can I use ASBA facility of different bank (eg. Axis) and use my Zerodha demat ID to apply for an IPO?
    3) Or is it like that I can only apply once for an IPO with my from only 1 demat?

    I would really appreciate your detailed response and helping me out. I am new to this IPO thing 🙂

    Thank you.

  65. Harshajeet   March 9, 2018 at 8:31 pm

    Hello Sir,
    Thank you for all the information.
    I have 1 question. I have 2 demat accounts with Zerodha and 5 paisa and both are linked to HDFC bank account, so using ASBA facility of HDFC bank I can apply for an same IPO twice using 2 different demat account?
    Can you let me know if it is possible?
    Thank you in advance.

  66. Jimmy Pudussery   March 11, 2018 at 9:25 pm

    @Harshajeet: You can apply once per PAN Card. So, I would suggest applying ONLY once through your PAN/Name (either Zerodha OR HDFC Securities). Alternatively, the second application may be through a relative, who has a demat account set-up. Hope it helps.

  67. Jimmy Pudussery   March 11, 2018 at 9:26 pm

    @Harshajeet: You can apply once per PAN Card. So, I would suggest applying ONLY once through your PAN/Name (either Zerodha OR HDFC Securities). Alternatively, the second application may be through a relative, who has a demat account set-up. Hope it helps.

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