How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (2023)

How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (1)

by Jimmy Pudussery

Table of Contents

How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (2)

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 MoreHow to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (3)at the top right of the Chome browser
      • ClickSettings.
      • At the bottom, clickAdvanced.
      • Under “Privacy and security,” clickContent settings.
      • ClickPopups.
      • Under “Allowed“, click “Add“. TurnAllowedon or off. Typehttps://[*.] andhttps://[*.] 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.

Stepsto apply IPO via HDFC Bank NetBanking (ASBA):

So, here’s the process:

Go to the HDFC NetBanking URL and login.

How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (4) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (5) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (6) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (7) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (8) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (9) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (10) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (11) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (12) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (13) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (14) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (15) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (16) How to apply for IPO via HDFC Bank NetBanking (ASBA) - LaughingQuill (17)


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:

  • Check out all posts on IPO Applications.
  • How to apply for IPO online (ASBA method) though HDFC Bank, State Bank of India (SBI),ICICI Bank, Federal Bank.
  • Refer this post to check IPO allotment status.

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

  1. Do we need to have HDFC dmat account?

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

  4. 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. 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

    (Video) Apply Rights Issue | How to apply Rights Issue | Aurum Proptech Rights Issue Apply | Rights Issue

  6. 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. @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. 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?

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

  12. @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.

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

  16. 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. 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. @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. @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. @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.

  21. 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. @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.

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

  31. @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. @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. 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. @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. 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.

  36. What is ui/ux issue

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

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

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

  52. 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. @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.

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

  55. 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 ?

  56. @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.

  57. @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.

  58. 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?

  59. @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.

  60. 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.


  61. @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.

  62. 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.

  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. 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.

  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. @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 Pudussey: thank you for your reply.

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

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

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

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

  72. @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.

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

  74. 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.


How can I get IPO online through ASBA? ›

Online ASBA facility

Internet Banking users should log on to and go to e-services >> Demat & ASBA services>> IPO (Equity) ASBA or IPO (Debt) ASBA option. Any SBI customer, who has a Savings or Current Account, can register for Internet Banking facility.

How can I check my ASBA application status? ›

  1. Visit the IPO Allotment Status page of our website.
  2. Click on the IPO you would like to check the status for.
  3. Click on the green IPO Allotment Status button.
  4. Choose the company name and enter the PAN Number.
  5. Submit the request.

Can I apply IPO through ASBA at any time? ›

However, you can continue to earn interest in the blocked amount. If you are a non-retail investor wanting to invest in IPO, it is mandatory to apply through ASBA. As an investor, if you apply through ASBA, your money gets debited from your bank account only if your application is selected for allotment.

What is DP name in ASBA HDFC? ›

DP Name- It stands for Depository Participant (DP) name. In most cases, it is the name of your stock broker. DP ID- The Depository Participant ID (DP ID) of your stock broker. It is an 8 digit numeric (CDSL) or alpha-numeric (NCDL) id.

What is DP name in ASBA? ›

Simply put, a DP name is the name of the depository participant. It is the stockbroker with which you have a Demat account. Depository, DP ID, and DP account precede the DP name. In the depository section, you can choose either NSDL or CDSL.

Which is better ASBA or non ASBA? ›

More good things on their way...

In ASBA , the amount is not debited from your Savings Account until successful allotment whereas in Non-ASBA process, the application money is debited from the Bank Account once the bid application is successfully placed with AxisDirect.

What is ASBA bank account number? ›

ASBA means "Application Supported by Blocked Amount". ASBA is an application containing an authorization to block the application money in the bank account (Saving Account and Current Account without Overdraft facility), for subscribing to an issue.

How do I register my CRN number with ASBA? ›

  1. Login to eBanking.
  2. Click on C-ASBA Registration (CRN)
  3. Select Bank Account No., Enter Demat Account No. and Click on Fetch Demat Name.
  4. Demat Account Name will be auto populated. Click on Submit.
  5. Confirmation Dialogue will be populated.
  6. Confirmation Advice will generated.

What is CRN number in IPO? ›

Banks and financial institutions give CRN (C-ASBA Registration Number) to each investor after verifying the beneficiary account of the investor. Only investors who have obtained the CRN number can apply for the purchase of shares from their bank account.

What is beneficiary number in ASBA? ›

BENEFICIARY ID = 8 digit number that identifies your individual demat account number with your demat service provider. Combination of 16 digits = DP ID + BENEFICIARY ID = your unique demat ID. You Unique Beneficiary ID remains the same, as long as you maintain your demat account with the same Demat service provider.

What is ASBA limit? ›

The Demat account of the applicant can be with any of the Depository Participant. In an ASBA, a maximum of three bids are permitted within the price band and in multiples of lot size specified by the issuer. The amount equivalent to the highest bid will be blocked.

How is an ASBA application process? ›

Main Features of ASBA process

SCSBs would accept the applications, verify the application, block the fund to the extent of bid payment amount, upload the details in the web based bidding system of NSE, unblock once basis of allotment is finalized and transfer the amount for allotted shares, to the issuer.

What is ASBA process for right issue? ›

What is “ASBA”? ASBA means “Application Supported by Blocked Amount”. ASBA is an application by an investor containing an authorization to Self Certified Syndicate Bank (SCSB) to block the application money in the bank account, for subscribing to an issue.

What is ASBA order type? ›

ASBA means “Application Supported by Blocked Amount”.

If an investor is applying through ASBA, his application money shall be debited from the bank account only if his/her application is selected for allotment after the basis of allotment is finalized, or the issue is withdrawn/failed.

What is client ID in IPO ASBA? ›

A client ID is a unique eight-digit number generated by the depository participants to easily identify their clients. This number is generated by using the in-house formula of your chosen brokerage house. It is not influenced in any way by the depositories.

What is DP ID 16 digit? ›

What is a DP ID? Demat account number is a unique 16-digit account number assigned by the Depository Participant to the demat account holder to carry out trading through electronic mode.

Is DP ID and user ID same? ›

Your Demat account number and DP ID (Depository Participant Identification) are not the same and also has nothing to do with the Demat account holder. DP ID is a number allocated to the Depository Participant such as a broking firm, bank or financial institutions by the CDSL and NSDL.

Do I need Demat account for ASBA? ›

Limitations: Even when you apply through ASBA, you will need a Demat account to store your shares if allotted.

What is difference between ASBA and UPI? ›

UPI is a platform build by the National Payments Corporation of India (NPCI) to simplify retail payments and settlement systems in India.
ASBA Vs UPI IPO Application.
FacilityASBA IPO ApplicationUPI IPO Application
Fund Blocking MechanismDirectly by the bankThrough UPI
UPI IDNot-requiredRequired
6 more rows

What is CRN in ASBA? ›

CRN stands for C-ASBA Registration Number and customer's need CRN number for online application of IPO's, FPO's, Right Shares, Bonus Shares, etc through Mero Share.

How many IPO can I apply from ASBA? ›

No, one person cannot apply multiple times through multiple applications for an IPO. It's a rule and if you apply in an IPO though multiple applications with same name or same demat account or same PAN Number, all of your application will be rejected.

Is ASBA compulsory? ›

Is ASBA Compulsory? The answer to this question is, yes. All the retail traders applying for IPOs have to definitely go through the ASBA process.

Which UPI is best for IPO? ›

Sr. No.UPI Apps live on IPOHandle
26Nxt - Union Bank of India ( iOS and Android )@unionbankofindia, @uboi and @unionbank
27Paytm (Android & IOS)@paytm
28Phone-Pe (Android & iOS)@ybl, @axl, @ibl
29SIB Mirror+ (only Android)@sib
25 more rows

How do I find my IPO CRN number? ›

You need a CRN number while applying for IPO, so keep it safe.
  1. Step 1: Go to MeroShare Website. Here, you first have to visit MeroShare Website from your laptop/PC. ...
  2. Step 2: Login your Account. ...
  3. Step 3: Go to My Bank Request. ...
  4. Step 4: Use Inspect Element. ...
  5. Step 5: Find CRN Number.
29 Sept 2022

Who can open ASBA account? ›

Currently as per SEBI guidelines, all three categories of investors, i.e., Retail Investors, Qualified Institutional Buyers, Non-Institutional Investors, making application in public/rights issue shall mandatorily make use of ASBA facility.

Where can I download ASBA form? ›

You can go with an online ASBA form provided by the advisories or one can download online ASBA forms from NSE or BSE website.

How many digits is a CRN number? ›

What is a CRN. A CRN is 9 numbers and ends with a letter. For example, 123 456 789A.

Can I fill C ASBA online? ›

You need to fill the C-ASBA Registration form (available in all branches) and submit the form at their nearest branch.

What is CRN or customer ID? ›

CRN or customer relationship number is a unique identifier of the customer in Kotak Mahindra Bank. It is available on the bottom left corner of the your credit/debit card. You can also know your CRN by sending a SMS 'CRN' to 9971056767 from your registered mobile number. Was this information helpful?

Can we share CRN number? ›

This number is vital for completing online transactions. This too is clearly printed on your card, and you should not share it with anyone.

Can I apply for IPO after 5 pm? ›

IPO orders can be placed anytime between 10:00 AM on the issue opening day and 4:30 PM on the issue closing day.

What is beneficiary reference name? ›

'Beneficiary reference' is a 20-character description that you fill in when making a payment. It allows your beneficiary to easily identify what the payment was for in their monthly statement or transaction history.

What is beneficiary name? ›

A beneficiary is the person or entity that you legally designate to receive the benefits from your financial products. For life insurance coverage, that is the death benefit your policy will pay if you die. For retirement or investment accounts, that is the balance of your assets in those accounts.

Why are there 3 bids for IPO? ›

Up to 3 bids can be placed in the IPO application. Each bid needs to be within the price range, and the quantity should be a multiple of the lot size. The amount blocked would be the highest among the 3 bids.

Can I apply IPO in the name of family members & friends from my saving bank account? ›

By opening a joint demat account, you can also file a joint application for an IPO. But you cannot apply multiple times with the same demat account for an IPO. If you want to place orders for various applications, you can apply in your family member's name, but each should have a demat or a joint demat account.

Is ASBA free? ›

There are only 6 Commercial banks giving free ASBA services.

What is the best way to apply for IPO? ›

Printed forms are also available so one should go with it as well. The most secure way to apply for the IPO is through ASBA. One can go with ASBA via their bank but the investor needs to check the details before applying the same.

Which banks provide ASBA facility? ›

Note: (Registered intermediaries as on date Aug 25, 2022)
Sr. No.Name
1Ahmedabad Mercantile Co-Op Bank Ltd
2AU Small Finance Bank Limited
3Axis Bank Ltd
4Bandhan Bank
21 more rows

What are the two types of IPOs? ›

There are two common types of IPOs: a fixed price and a book building offering. A company can use either type separately or combined. By participating in an IPO, an investor can buy shares before they are available to the general public in the stock market.

How do I complete a full IPO online? ›

How to Apply For IPO Online - Through Broker
  1. Login to your online account with the broker. ...
  2. Locate the IPO tab and go to the current IPO section. ...
  3. Enter the lot size or the number of stocks you want to bid for. ...
  4. Type your UPI ID in the next step and hit the submit button. ...
  5. Wait for the mandate notification in the UPI app.

How can I authorize UPI IPO in HDFC Bank? ›

Here's how the process looks like:

Register for UPI on Google Pay app & link your HDFC Bank Account with “okhdfcbank” handle. Enter your UPI ID on the IPO application form and submit it. You will get a fund block request on Google Pay app. Approve the request in the Google Pay App to block the amount for the IPO.

How do I fill out an IPO manually? ›

Your IPO application must include your name and address, PAN number, and demat account number. Enter this information carefully. If it is incorrect, your application may be rejected. Some banks will automatically fill in this information for you when you access the application from your online account.

How can I increase my chances of an IPO? ›

We are here with some of the ideas which can increase the chances of IPO allotment.
  • Avoid big applications. ...
  • Apply via more than one account or multiple accounts for the same ipo. ...
  • Bid at cut off price / higher price band. ...
  • Avoid last moment subscription: ...
  • Fill the details properly. ...
  • Buy parent or holding company shares.
17 Nov 2022

What are the 7 steps to getting an IPO? ›

7 Steps of the IPO Process
  1. Choosing an Underwriter. Before starting any of the other IPO process steps, a company first has to connect with a reputable underwriter or group of underwriters. ...
  2. Due Diligence. ...
  3. SEC Review and Road Show. ...
  4. IPO Pricing. ...
  5. Launch. ...
  6. Stabilization. ...
  7. Transition to Market Competition.
22 Jul 2021

How many lots should I apply for IPO? ›

SEBI or Securities and Exchange Board of India mandates that at least one lot should be allotted to every individual who has applied. Thus, 10,000 investors will be allotted at least one lot.

What is beneficiary account number in HDFC ASBA? ›

Your DEMAT account will be a 16 digit number which is formed by putting together two IDs: Depository ID (8 digits) and Beneficiary ID (8 digits). Depository ID is the ID of your broker.

How do I apply for ASBA shares? ›

Investor submits the ASBA form (available at the designate branches of the banks acting as SCSB) after filling the details like name of the applicant, PAN number, demat account number, bid quantity, bid price and other relevant details, to the bank branch by giving an instruction to block the amount in their account.

Can we apply IPO without ASBA? ›

Once you apply, the amount of money for the number of shares for which you have applied will be blocked through the Application Supported by Blocked Amount (ASBA) process in your account. ASBA has been made mandatory for all IPO applications by SEBI.

Can I apply for IPO UPI and ASBA? ›

No, only one IPO application in an IPO is permitted per UPI ID. In case if UPI as a payment option for IPO, the primary account holder's name in IPO application, Demat Account and Bank account should be same.

How can I approve HDFC Bank mandate? ›

New RBI Compliant Process
  1. 1st transaction with OTP / other AFA.
  2. Register for emandate, with validity period and maximum amount.
  3. Choose Pre-transaction notification mode – email or sms.
  4. Merchant to provide facility for modification of mandate if customer so chooses.

How can I get IPO directly? ›

Key Steps to Apply for an IPO Online.

* Login to your trading platform and select the desired issue (company) in the Current IPO section. * Enter the Number of lots and price at which you wish to apply for. * Enter your UPI ID and click on submit. With this your bid will be placed with the exchange.

How do I create ASBA application form? ›

You can go with an online ASBA form provided by the advisories or one can download online ASBA forms from NSE or BSE website. The blank or printed ASBA forms are available for download before 2 days of the IPO open for subscription.

Can we apply IPO directly? ›

Although you can apply for IPOs online, remember that an IPO order cannot be placed directly through your broker. You need to place the order through your bank that provides you with ASBA facility.

Top Articles
Latest Posts
Article information

Author: Mr. See Jast

Last Updated: 02/27/2023

Views: 6697

Rating: 4.4 / 5 (75 voted)

Reviews: 90% of readers found this page helpful

Author information

Name: Mr. See Jast

Birthday: 1999-07-30

Address: 8409 Megan Mountain, New Mathew, MT 44997-8193

Phone: +5023589614038

Job: Chief Executive

Hobby: Leather crafting, Flag Football, Candle making, Flying, Poi, Gunsmithing, Swimming

Introduction: My name is Mr. See Jast, I am a open, jolly, gorgeous, courageous, inexpensive, friendly, homely person who loves writing and wants to share my knowledge and understanding with you.