ASBA
Applications Supported by Blocked Amount (ASBA) is a process developed by the India's Stock Market Regulator SEBI for applying to IPO. In ASBA, an IPO applicant's account doesn't get debited until shares are allotted to them. Earlier Qualified Institutional Buyers were only allowed to participate in IPOs through ASBA facility. Currently as per SEBI guidelines, all three categories of investors, i.e., Retail Investors, Qualified Institutional Buyers, Non-Institutional Investors, making application in public/rights issue shall mandatorily make use of ASBA facility.
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ASBA
Applications Supported by Blocked Amount (ASBA) is a process developed by the India's Stock Market Regulator SEBI for applying to IPO. In ASBA, an IPO applicant's account doesn't get debited until shares are allotted to them. Earlier Qualified Institutional Buyers were only allowed to participate in IPOs through ASBA facility. Currently as per SEBI guidelines, all three categories of investors, i.e., Retail Investors, Qualified Institutional Buyers, Non-Institutional Investors, making application in public/rights issue shall mandatorily make use of ASBA facility.
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Applications Supported by Bloc ...... Bank, IDBI Bank among others.
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Applications Supported by Bloc ...... ily make use of ASBA facility.
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ASBA
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