Indian IPO Blog: Applications Supported by Blocked Amount
    • Showing posts with label Applications Supported by Blocked Amount. Show all posts
    Showing posts with label Applications Supported by Blocked Amount. Show all posts

    Sunday, February 5, 2017

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

    February 05, 2017 0
    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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    What is ASBA? Application Supported by Blocked Amount - Back to Basics

    February 05, 2017 0
    What is ASBA? Application Supported by Blocked Amount - Back to Basics
    Q. What is “ASBA”?
    A. ASBA means “Application Supported by Blocked Amount”. ASBA is an application
    containing an authorization to block the application money in the bank account, for subscribing to an issue.

    If an investor is applying through ASBA, his application money shall be debited from the bank account only if his/her application is selected for allotment after the basis of allotment is finalized, or the issue is withdrawn/failed


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    Sunday, May 1, 2011

    ASBA to become mandatory for Non-Retail Investors

    May 01, 2011 0
    ASBA to become mandatory for Non-Retail Investors
    In a remarkable move in the area of public issues and rights issues, SEBI has made Applications Supported by Blocked Amount (ASBA) facility compulsory for all Non-Retail Investors. Thus, QIB and HNI Category of Investors would now have to obligatorily invest in IPOs or Rights Issues using ASBA facility

    ASBA (Application Supported by Blocked Amounts) is a process developed by the Securities and Exchange Board Of India (SEBI) for applying to IPO. In ASBA, an IPO applicant's account is earmarked and does not get debited until shares are alloted to him. However, there has to be sufficient funds in the account before it can be earmarked
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    Thursday, September 4, 2008

    20 Microns Limited IPO opens for subscription from September 08, 2008

    September 04, 2008 0
    20 Microns Limited IPO opens for subscription from September 08, 2008
    20 Microns Limited is coming up with an IPO of 43,50,632 Equity Shares of Rs.10/- each. 20 Microns Limited is manufacturer of White minerals in India an annual output of over 180000 tons from plants spanning four different regions of India. The IPO is open between September 08, 2008 and September 11, 2008.

    Also, the IPO will be the first one in which Applications Supported by Blocked Amount (ASBA) system will be used to process applications.

    Stay tuned for more info on 20 Microns Limited IPO!
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