How Do I Apply For The Right Issue in HDFC Securities?

With the help of a right issue, a company offers additional shares to its existing shareholders at a discounted price. You can follow the below steps to apply for the rights issue in HDFC Securities in the online and offline mode.

Steps for Online Application of a Rights Issue in HDFC Securities

You can refer to the steps below to apply online for the rights issue in HDFC securities. 

Steps	Description
1	Log in to your HDFC Securities account
2	Select the ‘IPO Application’ tab
3	Enter the required details and verify
4	Make the payment
5	Submit your application

Detailed Steps for Online Application of a Rights Issue in HDFC Securities

Step 1: Visit the ‘HDFC net banking’ website.

Step 2: Using your credentials, log in to your HDFC Securities account.

Step 3: Look for the ‘IPO Application’ tab in the bottom left menu. You will then be redirected to the IPO online system. 

Step 4: Provide the necessary details.

Step 5: Having sufficient funds is necessary to make the payment. 

Step 6: After submitting your application, the amount will remain blocked until the shares are allotted.

Note: If the provided information is incorrect, the application may be rejected without the bank or the company being held liable for any losses.

Steps for Offline Application of a Rights Issue in HDFC Securities

You can refer to the steps below to apply offline for the rights issue in HDFC securities. 

Steps	Description
1	Download the ASBA form
2	Fill in the required details
3	Submit the form to the nearest branch
4	Maintain sufficient funds

Detailed Steps for Offline Application of a Rights Issue in HDFC Securities

Step 1: You can download the Application Supported by Blocked Amount (ASBA) from stock exchange websites such as NSE or BSE. 

Step 2: Fill in all the necessary information such as bank account number, PAN number, and Demat account information.

Step 3: Once you fill up the form, after this step, submit the completed form to the closest HDFC bank. Visiting your home branch is not a prerequisite. Any branch can work on your application.

Step 4: It is very important to maintain a certain amount of funds in your bank account for the application to proceed.

Whether you choose the online route via Netbanking or the offline ASBA method, applying for a rights issue through HDFC Securities is a straightforward process. It is necessary to provide correct relevant details and have sufficient funds in your account to avoid application rejection.