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The IPO season is the season of money, you get a chance to earn profit in a short period and sometimes it can also bring red colour to your portfolio but it is very uncommon. There are 2 ways where you can apply for an IPO: UPI and ASBA . Today I'll be sharing the process of the ASBA route via HDFC net banking.  Now you might be wondering why to go for the ASBA route when you can easily apply from UPI, so there are a few issues with the UPI method like delay in  mandates , funds blocking issue and the main problem arises on the refund date. In case you haven't received the IPO allotment then the unblocking of funds take time in the UPI method, you have to wait till the mandate end date and sometimes you have to wait even after the mandate end date hence I don't encourage applying from the UPI method. Let's get into our ASBA process via HDFC's net banking: 1. Login to net banking - First you need to login to HDFC's  net banking portal. You ...

Many of us have the desire to get the IPO allotment to enjoy the listing gains.  The allotment of IPO depends on the luck factor. Some people are so lucky that they get the allotment of most of the IPOs while some like me never received any allotment. I have been applying for IPO's for the last 2 years but I never received a single allotment. I used to think that in this life I won't get any IPO allotment ;) Still, I never stopped applying because there's no loss. There can be 2 scenarios either you will receive the allotment or you will get your money back on the refund date. Recently there were quite popular IPOs like Nykaa, Policy Bazaar so I applied for both and I knew I won't be getting the allotment and as expected I didn't get the allotment for Nykaa. Now Policy Bazaar , I was thinking "Ye bhi Kaunsa Lagna hai" and I didn't even check for the allotment but surprisingly I got an SMS that the amount has been debited from my account fo...