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
Get real time updates and stay up to date with the latest developments in Indian IPO markets! Send in your request to join the group with your name and city to +91 79776 14821 to join Indian IPO Blog Whatsapp groups now! (Free for early bird members - First come first serve basis)
No comments:
Post a Comment