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.

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How to apply for IPO via HDFC Bank NetBanking (ASBA)- 01
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12 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

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