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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.
No charges, applying for an IPO with HDFC Sky is free at Rs 0 brokerage or commission fee.
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.
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
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
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.
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.
Last Updated on 9th Nov 2023
Yes, HDFC Sky allows to invest in IPO. If you have an account with the broker, you can apply for IPOs online with UPI.
HDFC Sky is a one-stop platform for all your trading and investing requirements. The platform has multiple investment products including equities, derivatives, currencies, commodities, IPO, US Stocks or ETFs, and mutual funds.
To initiate IPO orders, all you need to do is open a trading cum demat account with the broker.
Yes, non-UPI users can place an IPO bid with HDFC Sky using their net banking account.
Whether you have an account with any Indian bank like ICICI, HDFC, Axis, SBI, etc. you can log in to your net banking portal and apply for an IPO. While placing an IPO apply request, you just have to provide your HDFC Sky Demat account details so that you will get allotted shares in your Demat account.
Yes, whether you choose to bid for an IPO using UPI ID or ASBA, it is mandatory to have a Demat account. Thus, it is compulsory or necessary to open a Demat account to invest in an IPO. It is because, all the shares allotted will be safely stored in the Demat account.
Yes, you can apply in SME IPOs with HDFC Sky. The broker’s app and web investing platform offers both BSE SME IPO and NSE Emerge IPO for investment.
Yes, HDFC Sky web users can also subscribe to any open IPOs. HDFC Sky account holders can log in to the web platform using any browser on their computer.
An IPO bid can be modified or cancel only before the IPO closes for subscription. Here is the process to cancel your IPO application placed in HDFC Sky app.