Eligibility

Introduction

Initial Public Offerings (IPOs) allow investors a chance to invest in promising, emerging, new companies. HDFC Bank's ASBA (Application Supported by Blocked Amount) facility, empowers you to leverage this opportunity and invest IPOs. ASBA ensures that your money stays in your bank account until shares are allotted. Only the amount for the allotted shares is debited upon allotment.

Provision for Pointers

  • Easy application process

  • Secure debit of funds

  • Simple eligibility criteria

FAQs

To apply for a public issue through the ASBA facility, you must:

  • Be from any of the approved categories eligible to apply for an IPO, as per SEBI guidelines.

  • Maintain a Savings Bank or Current Account with HDFC Bank.

  • Have a Demat Account with any DP and a valid Permanent Account Number (PAN).

For the ASBA application, an investor should maintain a Savings Bank or Current Account with HDFC Bank. Equally important is having a Demat Account with any DP and a valid Permanent Account Number (PAN).

The following are the general eligibility terms:

  • Any approved categories that are deemed eligible to apply for an IPO, as per SEBI guidelines.

  • Interested investors must maintain a Savings Bank or Current Account with HDFC Bank.

  • They must also have a Demat Account with any DP and a valid Permanent Account Number (PAN).

Eligibility

Investors are eligible to apply through the ASBA process if they:

In public issues:

  • Belong to any of the categories authorised by SEBI to apply for an IPO.

  • Hold a Savings or Current Account with HDFC Bank.

  • Have a Demat Account with any Depository Participant (DP) and possess a valid Permanent Account Number (PAN).

  • To be eligible for the ASBA process, an investor must maintain a precise credit balance in their Savings or Current Account (excluding overdraft limits or sweep-in/sweep-out facilities).
     

In rights issues:

All shareholders of the issuing company, as of the record date, provided that they:

  • Hold shares in dematerialised form and have applied for entitlements and/or additional shares in the Issue in dematerialised form.

  • Have not renounced their entitlements in whole or in part.

  • Are not a renounce of the Issue.

  • Belong to any of the categories permitted by SEBI to apply for an IPO.

  • Maintain a Savings or Current Account with HDFC Bank.

  • You must hold a Demat Account with any Depository Participant (DP) and possess a valid Permanent Account Number (PAN).