FEATURES

ELIGIBILITY


Cutoff for applying for any IPO issue through Netbanking for HNI customers is 3:00 PM and for Retail is 4:00 PM on the closure day of any IPO.

An Investor shall be eligible to apply through the ASBA process, if he/ she:

In public issues:

  • Is from any of the approved categories eligible to apply for an IPO, as per SEBI guidelines.
  • Maintains a Savings Bank or Current Account with HDFC Bank.
  • Has a Demat account with any DP along with a valid Permanent Account Number (PAN).
  • Has a sufficiently clear credit balance in his/her Savings or Current account (NOT including any overdraft limit / sweep-out facility)
  • Has an FD with sweep-in facility enabled

In rights issues: All shareholders of the issuer company as on the record date provided if he/ she/it:

  • Holds shares in dematerialised form and has applied for entitlements and /or additional shares in the issue in dematerialized form
  • Has not renounced his/ her entitlements in full or in part
  • Is not a renouncee to the Issue
  • Is from any of the approved categories eligible to apply for an IPO, as per SEBI guidelines.
  • Maintains a Savings Bank or Current Account with HDFC Bank
  • Has a Demat account with any DP along with a valid Permanent Account Number (PAN).
  • Has a sufficiently clear credit balance in his/her Savings or Current account (NOT including any overdraft limit / sweep-out facility)
  • Has an FD with sweep-in facility enabled

APPLICATION