What’s in store for you
How to Apply?
- Navigate to "IPO Application" under Requests from the left-hand menu.
- Choose your desired IPO and specify up to three bids.
- Input your depository particulars.
- Confirm your order placement.
- Before bid submission, kindly review and accept the "Terms & Conditions."
Apply through Physical Application
- Visit the nearest HDFC Bank branch to apply for an IPO through ASBA.
- ASBA bid-cum application forms are available for download and printing, from websites of the Stock Exchanges which provide electronic interface for ASBA facility i.e. Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Please find below the links to apply for the same:
Click here to download the form through NSE - HDFC Bank account number, PAN, Demat account particulars, etc. need to be filled in the ASBA application form of the IPO and submitted to the branch.
- Subsequently, the bank will block the amount in the specified HDFC Bank account for the applied IPO and send the application information to the designated stock exchange for that IPO.
- The customer shall be responsible for maintaining sufficient funds equivalent to the IPO application amount in his/her account and for furnishing correct & accurate details in the ASBA application form of the IPO.
- In case of insufficient amount in the bank account or any discrepancy in the application form, the bank shall reject the IPO application and shall not be able to send the bid to the stock exchange.
- In case of any enquiry, the application/reference number, mentioned on the acknowledgement slip handed over at the time of the application, needs to be provided.
More About IPO Application Through ASBA
Funds are reserved in your bank account during the IPO application.
Accrue interest on the reserved funds.
Debit occurs only upon share allotment.
No waiting for refund cheques or ECS credits.
This service is completely free of charge.
Financial security: ASBA ensures funds remain in your bank account until shares are allotted, preventing misuse.
Convenience: Apply online or through your bank branch, simplifying the application process.
No need for margin money: No need to pay upfront; funds are blocked only when shares are allotted.
Quick refunds: Unsuccessful applicants receive prompt refunds, enhancing liquidity.
Transparent process: Provides clear visibility into application status and allotment.
Cost-effective: Saves costs on interest as funds remain in the account until allotment.
Regulatory compliance: ASBA is regulated by SEBI, ensuring adherence to investor protection guidelines.
Navigate to "IPO Application" under Requests from the left-hand menu.
Choose your desired IPO and specify up to three bids.
Input your depository particulars.
Confirm your order placement.
Before bid submission, kindly review and accept the "Terms & Conditions."
Eligibility
An Investor shall be eligible to apply through the ASBA process, if he/ she:
In public issues:
Is from any of the approved categories eligible to apply for an IPO, as per SEBI guidelines.
Maintains a Savings Bank or Current Account with HDFC Bank.
Has a Demat account with any DP along with a valid Permanent Account Number (PAN).
Has a sufficiently clear credit balance in his/her Savings or Current account (NOT including any overdraft limit, sweep-in/sweep-out facility)
In rights issues: All shareholders of the issuer company as on the record date provided if he/ she/it:
Holds shares in dematerialised form and has applied for entitlements and /or additional shares in the issue in dematerialized form
Has not renounced his/ her entitlements in full or in part
Is not a renouncee to the Issue
Is from any of the approved categories eligible to apply for an IPO, as per SEBI guidelines.
Maintains a Savings Bank or Current Account with HDFC Bank
Has a Demat account with any DP along with a valid Permanent Account Number (PAN).
Has a sufficiently clear credit balance in his/her Savings or Current account (NOT including any overdraft limit, sweep-in/sweep-out facility)
Nodal Officer details:
Tushar Gavankar, Vice President, BTI Operations
Contact No: 022-30752929
Santosh P Sagale, Vice President, Financial Institutions Grp
Contact No: 022-39760449
Email Id - btiscsb@hdfc.bank.in
Any IPO / Rights issue / NCD related queries / complaints you can write to sebicomplaints@hdfc.bank.in (Email ID change post change in domain)
*The (Most Important Terms and Conditions) for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
Frequently Asked Questions
ASBA is an interface that ensures your funds leave your bank account only when you are allotted shares in public issues. You continue to earn interest in your savings account during this period. The application money remains blocked in your bank account for the IPO application.
ASBA is mandatory for IPO applications. It ensures that your funds are only debited from your account when you are allotted shares in public issues. You continue to earn interest in your Savings Account during this period.
To apply for an IPO through ASBA, you need to be eligible as per SEBI guidelines. You must have a Savings or Current Account with HDFC Bank, a debit account with any DP, and a valid PAN. Ensure a sufficient precise credit balance in your account.