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Sunday, February 5, 2017

How to apply in IPO through ASBA? - IPO FAQ - Back to Basics

Q. How to apply in IPO through ASBA? 
Under ASBA facility, investors can apply in any public/ rights issues by using their bank account.

Investor submits the ASBA form (available at the designated branches of the banks acting as SCSB) after filling the details like name of the applicant, PAN number, demat account number, bid quantity, bid price and other relevant details, to their banking branch by giving an instruction to block the amount in their account.

In turn, the bank will upload the details of the application in the bidding platform. Investors shall ensure that the details that are filled in the ASBA form are correct otherwise the form is liable to be rejected

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