1. What is an IPO?
IPO - (Initial Public Offer) referred simply as an Offering when a company issues shares to the public for the first time.
2. What are the benefits of Listing?
- Diversifying equity base.
- Exposure and prestige.
- Facilitating acquisitions.
- Creating multiple financing opportunity
- Equity.
- Convertible Debt.
- Cheaper bank loans, etc.
3. Benefits of applying for IPO's
By investing early in a strong company, you stand a good chance to reap benefits over the long term as well as short term.
4. Benefits of applying online
- No physical form filling.
- ASBA & credit of shares on allotment in linked Demat account.
5. What are the payment options to apply for IPOs ?
One can apply for IPO through Non ASBA & ASBA process.
6. What is Non-ASBA?
Non-ASBA is when the amount is debited from your linked bank account on the applying for the IPO & in case of non-allotments the same would be refunded only at the time of allotment.
7. What is ASBA?
ASBA is Application Supported by Blocked Amounts.
8. How does it work?
- ASBA holds the funds in the saving account.
- ASBA ensures that the investor's funds are debited from his savings account only upon allocation of shares.
9. Benefits of ASBA
- Amount will be debited on allotment of shares.
- Earn interest on you application money.
- No refund hassles.
10. Can I withdraw the amount blocked for ASBA bid application?
No. The blocked amount cannot be withdrawn. Such amount will remain blocked in your linked bank account till the allotment is completed.
11. Can I bid in an IPO under ASBA as well as under NON ASBA route?
No. You can apply through only one of the Process.
12. Will I get priority in allotment for bidding under this facility?
No. ASBA forms will be treated similar to the non-ASBA forms while finalizing the basis of allotment.
13. Till what time can I bid under this facility?
Bidding time will be same for ASBA and Non ASBA applications.
14. Can I bid at multiple rates under ASBA?
Yes, you can place three bids under ASBA.
15. Can I cancel an IPO order?
You can revise/cancel only ASBA applications for Book Building and French Auction IPO's only. Order can be revised / cancelled only in Ordered or Executed status until the last day of issue closing.
16. How to apply through HDFC Securities
- Online - Just few Clicks. to Apply IPO Online.
- Logon to your trading account on www.hdfcsec.com
- Call N Trade - 33553366 (Resident Customers)
Please prefix your local area code if calling from Mobile. (0 + local area code + 33553366)