How to apply for IPO under HDFC Securities

Posted on by Pragnya Dash

With the season of IPO here, customers are looking for hassle-free and technology friendly services to begin trading smoothly. However, they are confused which one to choose among the wide range of options that are available. If you are wondering about the service provided by HDFC Securities then you have come to the right place. We have listed the details on How to Apply for IPO under HDFC Securities. Without further ado, let’s jump into the details of the above.

 

About HDFC Securities

HDFC Securities is a financial services company which works under the parent company of the private sector bank of HDFC. HDFC is the largest private sector bank of our country. The company began as a joint venture between HDFC Bank Limited and HDFC Limited. It serves the purpose of providing financial services, mutual funds, stocks brokerage, and capital markets. Mainly concentrating on providing stock broking services to its clients. It is also engaged in distributing the  financial products. This company now works as a subsidiary of the parent company HDFC Bank.  It was founded in the year 2000. The chairman of the company is Mr. Bharat Shah. The headquarters of the company are located in Mumbai. It is also registered as a member of the BSE and NSE.

It has been awarded with several prizes and recognition. In 2010, it became the Runners up in the “Best e-brokerage house.” In 2012 and 2013 again the company was awarded with the same recognition. In 2011, it was awarded the “Largest e-brokerage house.” In 2014, it received the Best Market analyst award. In 2015 and 2016, it again received the runner up award under the Best E-brokerage house category. In 2017, it was awarded as the winner in Retail Broking. In 2019, the company entered into a partnership with Stockal. Together, both the leading stock brokerage services launched the GlobalInvesting.in. This website allows the customers to directly invest in Nasdaq which is listed on the US Stocks.

It has been serving a wide range of customers which include financial and retail investors. It has been considered as a trusted and reliable source of financial services for several reasons. We are listing a few of them. It provides the option of financial planning and investing by designing from a multiple angles. This will help the client to think from the future perspective. Therefore, the financial requirements and goals of the clients aligns with that  of the company which becomes mutually beneficial. They provide a range of products and services such as gold, equity and real estate. Along with, the range can meet any of your requirements ranging from stocks, mutual funds to currency and commodity derivatives. There is the option of trading through multiple trading platforms such as online, mobile app, telephone or directly through the branch of the company.

Thus, the whole trading process becomes easier and accessible to the customers. It provides latest and accurate information to the customers. This will help the clients to rely on trusted research before jumping into the whole investment game. In addition, it also has the feature of tracking your portfolio. This portfolio tracker will help you to analyze the stocks and current  market scenario before taking investment decisions. The organization operates through a total of 250 branches. The customer care services are available for you to directly contact them and clarify any investment or service queries. Also, this works as a subsidiary of the HDFC bank which is the leading private sector bank of our country. Therefore, all in all, this company has an advantage over the other players in the market.

How to Buy IPO on HDFC Securities

There are few easy steps that you have to follow in order to buy IPO on HDFC Securities. We have listed them down for you.

  1. Login to the official website of the company.
  2. You can check the list of the IPO available. Along with, the issue and closing date, allotment size and minimum quantity will be also available to you. We recommend you to keep track of these details before diving into the investment.
  3. Then click on the Apply option. If you have doubts on the safety and security of your funds then worry not. After you click on the Apply option, the funds on your account will automatically remain blocked. The amount will be debited only once the shares are allocated to you. Even you don’t have to worry about the refund of the cheques as the facility is available to you absolutely free. In addition, it will automatically reject the application if the amount mentioned is not available in your account. Therefore, there is an option to guarantee security under losing a large sum of money.
  4. Once you have applied for the for the IPO, you can select your options from the wide range that is available to you. You can mention upto 3 bids of your choice. Then you have to mention your depository details.
  5. Once you have thoroughly followed the above steps then you can click on the Confirm option. The next thing is you have to check the I Agree option. We recommend you to thoroughly cross-check the terms and conditions of the application before proceeding further. Once submitted, the site will complete the formalities related to your application.

There are options available for you to choose IPO and modify them as well. This modify option will help you to undo mistakes on your IPO application if any. The information of your working is also available on the Order option. This will help you to keep track of your choices. You also have the option to cancel the application anytime that you choose through the Cancel Button. This is available upto 2pm on the closing date. After this process, the money will be automatically unblocked in your bank account.

You can also apply for IPO through the Call and Trade Service. You can visit any of the branches of the company to apply for the IPO as well.