HDFC Securities IPO Apply

Want to apply for an IPO online with HDFC Sky but don’t know how? Here is a complete guide on how to purchase IPO in HDFC Sky through UPI or ASBA-enabled net banking process. The discount broker provides IPO investment option on both the HDFC Sky app and trading website platform.

Read more to know step-by-step process to subscribe to an IPO with HDFC Sky using UPI, IPO apply charges, IPO application status, and more.

HDFC Sky IPO apply key features

• Track all the open/current IPOs and upcoming IPOs
• Check all important IPO events like opening and closing dates, lot size, price, etc.
• UPI based IPO application facility
• Invest in IPO anytime at your fingertips using HDFC Sky app
• Apply in mainboard and SME IPOs
• Modify or cancel the IPO bid till the IPO remains open for subscription

HDFC Sky IPO Apply Charges

No charges, applying for an IPO with HDFC Sky is free at Rs 0 brokerage or commission fee.

HDFC Sky IPO Apply using UPI

Invest rightly in the companies offering shares to public for the first time, known as IPO. Any demat and trading account holder with HDFC Sky can subscribe to their choice of IPO using the HDFC Sky app or trading website.

The IPO apply process is so simple and straightforward that takes less than 2 minutes to bid for an IPO.

A UPI user must apply for the IPO using UPI as a virtual payment gateway. Let’s quickly check out key steps to invest in IPO with HDFC Sky app.

1. Log in to your HDFC Sky trading account on mobile app.
2. In the left-top side, click on 3 lines bar.
3. Scroll the screen and under Indian stocks, you will see an IPO option.
4. Tap on the IPO and the page will display all upcoming and open IPOs.
5. Click on Open tab and tap on the IPO, you want to bid for.
6. Enter details like number of shares (in multiple of lot size), price or apply at cut-off price.
7. Provide your UPI address and accept the terms & conditions.
8. Authorize the UPI payment request to allow your bank to block the IPO bidding amount.
9. That’s done! Your IPO bidding request is successfully submitted.

HDFC Sky IPO Apply process through ASBA Net banking

An investor who do not use UPI app can also bid for an IPO using net banking ASBA process. ASBA is a facility offered by SCSB (Self-certified Syndicate Banks) to allow customers to subscribe to public issues.

This method blocks the IPO application money in your bank account till allotment. For successful allottees, the blocked amount gets deducted from bank account while in case of rejection, the money is unblocked. In case of partial allotment, money gets debited to the extent of shares allotted.

ASBA is an indirect way to apply in IPO as instead of bidding through your stockbroker, you place an IPO bid through your bank’s portal.

Steps to apply in IPO with HDFC Sky through ASBA process

1. Log in to your net banking portal.
2. Under the investment, search for the IPO option.
3. Tap on place bid or apply now option of your choice of public issue offering.
4. Enter details like bidding price, number of lots, or retail investors can also choose to apply at cut-off price.
5. Provide your HDFC Sky DP details like DP ID, HDFC Sky demat account number, etc.
6. Submit the IPO bid and the bidding money will gets blocked in your bank account.
7. If you get the shares, funds will be debited and the securities or IPO shares will be credited to your HDFC Sky Demat account.
8. You can log in to your HDFC Sky account and find the allotted shares in demat holdings.

HDFC Sky IPO Types

HDFC Sky mobile app and web platform has both the mainboard and SME IPOs available. Thus, HDFC Sky users can apply in any public issue be it mainline or BSE SME or NSE SME.

Mainboard/mainline IPOs are launched by big companies to get listed on the BSE and NSE mainboard exchanges.

However, SME IPOs are the first-time public issues launched by small and medium size enterprises. BSE SME and NSE Emerge (NSE SME) are the two dedicated exchanges in India for listing of SME shares.

Important to note that mainboard IPOs have minimum bid amount around Rs 15,000 whereas the minimum amount required to bid for an SME IPO is above Rs 100,000.

Mainboard Vs SME IPOs differences

HDFC Sky Pre-IPO Apply

Avoid last-minute rush by pre-applying in an IPO with HDFC Sky App.

Pre-IPO apply, as the name suggests, is a facility that allows you to place an IPO bid in advance even before the IPO actually opens for subscription. Once the IPO goes live, UPI mandate will be sent on your UPI ID. Once you accept it, the IPO application amount will gets blocked and IPO bid will be successfully placed.

HDFC Sky IPO Application Status

If you have applied for an IPO with HDFC Sky, you can check the IPO applications submitted on the app.

Simply, log in to the HDFC Sky app>>> go to the IPO option >>> and click on the Orders option. Here, all your IPO bids will be displayed.