The D-Mart IPO will open on March 8th. The company is offering shares in the price band of Rs295-299 per share.
So in order to apply for an IPO, you can apply via ASBA (Applications Supported by Blocked Amount), this blocks the amount in your account and will be deducted proportional to the allotment or completely released in case of no allotment.
The ASBA service is available with these banks.
There are two modes of ASBA;
Online: You can log in to your internet banking portal, and search for ASBA services or IPO.
In case of SBI, this is how it looks like
Select Demat & ASBA services.
And you will be able to see the open offers here. In the next step, you will be asked to fill in the personal and the bid details to complete the process.
Offline: You can also visit the branch and submit the ASBA form by filling in details such as Name, PAN Number, Demat Number, Bid Qty, Price and other necessary details and submit the form at the bank which has been designated to act as a Self Certified Syndicate Bank (SCSB).
E-ASBA: If your bank does not have an online platform, you can download the E-ASBA forms from the NSE website. So you can download the forms, fill them and submit them at your designated bank branch.
With the advent of core banking, it also doesn’t matter where your account is held, you can submit the forms at any branch in any city.
To apply for the IPO you need to know you demat number which you can be found in the profile section of your back office Q.
You need to combine the DP ID and the Beneficiary ID. Your demat ID is a 16 digit number. Ex: 1208160012345678 (CDSL) or IN3009512345678 (NSDL accounts opened with Zerodha through ILFS).
If you are applying through HDFC here is the process.