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