HDFC Securities IPO Review
HDFC securities Track Record Of Best Online Stock Broker In India
HDFC Securities IPO Review
HDFC Securities is the most renowned financial service providing company which is a subsidiary of private bank HDFC. It provides the both online trading and the trading on the go i.e. mobile or tab. It facilitates its customers with a unique three in one feature that integrates your HDFC securities trading account with the existing HDFC bank savings account and the existing demat account. This account helps in the smooth movement of funds or shares from the demat or bank account to execute the transactions.
HDFC Securities avails its customers with the Cash-n-Carry on both the NSE and BSE, day trading on both the NSE and BSE, trade on the Futures & Options on the NSE and the online IPO investment.
HDFC IPO Review
Initial Public Offering is one of the key offering by HDFC Securities. An individual holding a three in one account can apply in the IPO online by using the HDFC Securities Investment Portal.
There are three simple ways to apply in an IPO online with HDFC Securities:
1. Through Online IPO application.
2. By calling customer support and apply.
3. Visiting the HDFC Securities Branch and then apply.
Applying in an IPO through HDFC Securities
Making investment in the IPO’s with HDFC Bank is the easiest, fastest and the most convenient way to apply in the IPO shares in India. The customers can apply in the IPOs on a single click or call based as per their convenience. These are the easy steps to apply in an IPO with HDFC Securities:
1. Login to the HDFC Securities trading website.
2. Select the IPO option from the navigation bar to see the list of current IPOs/FDs.
3. Click on “Apply” to apply in an IPO for.
4. Select the investor status i.e. ASBA Retail and enter the order information and select proceed button.
5. Now, confirm it by clicking on the check box.
6. A disclaimer page will appear, click on I agree button present at the bottom of the page.
7. In case there are insufficient funds in the account then an online fund hold and order placement page will appear.
8. Select the bank account information from where you would like to transfer the funds and submit.
9. An order book page will appear with the information of the application.
10. Choose an IPO and modify button in case you would like to make any changes in the IPO application as it is open.
11. Select the cancel button on the order book page to cancel the orders.
Once after submitting the online IPO application form, HDFC Securities must complete the remaining facilities related to the submission of the IPO form by using the POA issued by you while opening an account.
Applying in SME IPO with HDFC Securities
HDFC Securities online IPO avails customers to apply conveniently for the public issues both book building and the fixed price online by eliminating the need to fill in the physical page forms.
As of September 2016, HDFC Securities does not offer online applications for the SME IPO’s at BSE, SME and the NSE Emerge exchange.
HDFC customer has to apply in the SME IPO’s just by filling the paper IPO application forms.
HDFC Securities IPO charges
Applying in an IPO through HDFC Securities is free to all the customers holding a three-in-one account. The clients do not have not pay any fees, charges or taxes to apply for the IPO shares.
Note: The customer is required to pay the brokerage and the taxes at the time of selling shares that are allocated to them through IPO. Any modification or change are same as you sell any shares that are bought directly from the stock market.
HDFC IPO Allotment Status
The IPO allocates shares are directly credited to the HDFC Demat account and are available for you to sell them on the date of list at the national exchanges.
The customers can check the IPO allotment status on HDFC Securities website by using the following steps:
1. Login to HDFC Securities website.
2. Visit the IPO section and then to “Order Book”.
3. Now, you can check the Status of your IPO application.
The customers can also give a quick check on their demat allocation to find the allocated IPO shares.
Frequently Asked Questions
₹750 is the demat account AMC that is waived off for the first year. The charges will be charged from the next year.
The Pay out of funds or securities is credited within the business day post receipt of the funds or securities from the exchange. As an internal practise, we try and effect the pay out in T+2 days.
• NRE/NRO Regular Savings Account with any branch in India. • NRE/NRO PIS Savings Account with the designated branch. • NRE/NRO PIS Permission through HDFC Bank. • NRE/NRO Demat Account with HDFC Bank. • NRI Trading Account with HSL.
It trades in Index and Stock.
The application is processed at CPU and then it is forwarded to the HDFC Bank for the linking or opening of the bank and depository accounts. Once the savings and DP accounts are opened, the securities trading account is opened and then the details of all the accounts and the TIN, passwords, etc. are sent to you. If the application remains un processed because of any missing details then the customers will be contacted by the representative.
Yes, the NRIs can borrow against share or other securities. However, the loan must be utilized for meeting the requirement of borrower for his own business purposes.
Yes. A POA holder can manage portfolio on the behalf of NRIs. However, he cannot affect remittance outside India. With the Internet trading, life of NRIs has become easy for the portfolio investments.
HDFC Securities is good at offering the qualitative trading and investment services to all of its users.
Yes, you can start trading after opening an account. You just need to have funds in the bank account or stocks with your Depository Participant.
A cut off price is the offer price that is finalised by a company in consultation with the book running lead managers (BRLMs), that could be any price within the price band. It is different from a floor price that is the minimal price at which the bids can be made.
HDFC Bank Demat Account is the easiest, safest and the most convenient way of storing the investments. Now, open the demat account without any charges and then combine a trading account and a savings account to seamlessly bank and invest.
The user Id will be sent to you once the account is opened along with the account details. The password and TIN will be dispatched to you separately by the secured mail.
Yes, an email address is compulsory to open an account with HDFC Security.
In NRE PIS Permission, all the holders should be the NRIs. In case of NRO PIS Permission NRO PIS Account jointly with the resident only on former or survivor basis.
HDFC Pro Terminal is a paid platform. The firm charges an annual fee of ₹1,999 from customers.
The “Limit Price” shall mean that the price limit must be specified by the client to the HDFC Securities up to which the price the stop loss limit order for the cover order can get executed. The “margin” shall mean that the total amount must be made available by the client to HDFC Securities for taking a Cover Order Position under this facility.
The PIS account are always opened as per the holding pattern of the demat account. Thus, if the demat account exists in the combination of A+B+C, then the PIS permission too would be in combination of A+B+C. However, the Bank account can be solely in the name of A.
No, we don’t provide the three in one trading account to USA & Canada based NRIs and PIOs.
You can link up to five HDFC Bank saving bank account and five HDFC Bank demat accounts to your trading account.
Login with HDFC Securities trading website and then click on IPO button on the top navigation bar to see the list of current IPOs/FDs. Click on apply of the IPO that you would like to apply for. On Place order page choose the select investor status (i.e. ASBA Retail), enter the order information and then click on proceed.