HDFC or ICICI Bank For IPOs Application

Deal Newbie

I currently Use SBI ASBA for IPOs , But planning to Move my funds to HDFC/ICICI and open Bank account/ upgrade Bank accordingly .The reason is I heard they allow apps until 4pm on last day whereas sbi closes applications at 2pm sharp..which is quite early. And obviously for better service

Anyone having Experience with HDFC & ICICI?

1) Which would be better for Retails applications (including SHNI & SME IPOs application)

2) Do they unlock funds timely after allotment/ not allotment

3) What is the conversion ratio with these banks ( No of application you made and no of Allotments u got)...I know this is little offtrack smile... But read in some other forum people talking about HDFC and ICICI, not getting much allotment  

4) Any other things u observed/ experience please share

We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
5 Dimers
  • Sort By
Post Mogul Post Mogul
Link Copied

I will suggest axis for absa can apply for IPO from 5 different demat experience is also good ..It closes around 3-3:30 on last day

Deal Newbie Deal Newbie
Link Copied

Yeah , ok thanks...Not sure But Since in next 1-2 month multiple applications will be stopped from one bank so i am an factoring multiple applications as my criteria.

View 3 more replies
Deal Cadet Deal Cadet
Link Copied

hdfc not good as you have to give demat details each time you apply to ipo. got 2 allotment out of 5(big hni) in one hdfc acc. 

Deal Cadet Deal Cadet
Link Copied

I usually apply by UPI. is there any profit by applying through ASBA?

Deal Newbie Deal Newbie
Link Copied
No Profit as such.both have equal allotment chances....its just that for larger amounts, ASBA is more convenient i find 
Super Stud Super Stud
Link Copied

Anyone got an allotment using IDFC First ASBA?

Deal Newbie Deal Newbie
Link Copied
Heard people getting good allotment through IDFC ASBA, and its service also very good. though branch not in my city
Click here to reply