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:

75 thoughts on “How to apply for IPO via HDFC Bank NetBanking (ASBA)”

  1. 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.

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

  3. 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.

  4. 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

  5. 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

  6. @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.

  7. 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?

  8. 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?

  9. @Suraj,
    Only one appplication is allowed per user.

  10. @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.

  11. 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?

  12. @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).

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

  14. 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

  15. 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

  16. @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™‚

  17. @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.

  18. @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.

  19. 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?

  20. @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.

  21. 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

  22. 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?

  23. 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?

  24. 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.

  25. 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.

  26. @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.

  27. @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.

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

  29. @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.

  30. @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.

  31. 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 ?

  32. @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.

  33. Hi,
    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.

  34. What is ui/ux issue

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

  36. @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.

  37. @Avinash: User Interface, and User Experience.

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

  39. @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.

  40. @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.

  41. 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

  42. 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

  43. 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

  44. 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.

  45. @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!

  46. @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?

  47. @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.

  48. 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.

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

  50. 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 !

  51. @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.

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

  53. 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

  54. 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 ?

  55. @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.

  56. @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.

  57. 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?

  58. @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.

  59. 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.


  60. @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.

  61. 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 šŸ™‚

    Thank you.

  62. 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.

  63. 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.

  64. @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.

  65. @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.

  66. @Jimmy Pudussey: thank you for your reply.

  67. What is “Funds Release” icon? What happens if I click on that and then click on submit.

  68. Session invalidated problem arises while applying for IPO online through Hdfc net banking… Can tell me probable reason for the cause or error

  69. Can I apply through tablet or phone.I donot have laptop.

  70. @Kpsahni,
    Yes, you can apply through tablet or phone. Just use the “Desktop Site” mode in your mobile/tablet Google Chrome. It should work.

  71. @Dhimant Min,
    This could be because of the process not going through. Also, I hope you have deactivated the popup blocker suggested in the first few steps.

  72. I am facing session invalidate issue after I click on I agree button. Any idea how to resolve it?

  73. Hi Sir,
    Can i apply ipo of my father & mother ( Sapreate Demate A/c Number) from my hdfc bank Login id ? my Father & mother has not net banking /

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.