HDFC or ICICI Bank For IPOs Application

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Last Comment 2023-09-02

2023-08-29

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

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https://www.desidime.com/discussions/hdfc-or-icici-bank-for-ipos-application?page=1#post_9520238

sushil.paradise196

2023-08-29

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

https://www.desidime.com/discussions/hdfc-or-icici-bank-for-ipos-application?page=1#post_9520458

JohnConnor

2023-08-29

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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.