ASBA forms can be submitted only at the SCSBs. In case investor does not have an account with any of the SCSBs, then he cannot make use of the ASBA.
Learn More Is there a better chance of allotment if one applies in IPO through ASBA?The chance of getting allotment is same for all the applicants whether application is made through ASBA or non‐ASBA. ASBA is a simple, easy and smart way of applying in public issues. There are many advantages of applying through ASBA like money does not go out of investors’ account, no hassle of refund, investor keep …
Learn More In case a person is having bank account with a branch, for example, at Kolkata can he submit IPO application through ASBA at a branch of the bank in Guwahati.Yes, this can be done provided that your bank have core banking facility and the ASBA Form is submitted at a branch which is identified as designated branch by the bank.
Learn More What happens when the issue fails/is withdrawn?In case the issue fails/withdrawn the SCSB shall unblock the application money from the bank accounts upon receiving instructions from the Registrar.
Learn More Will there be any different treatment in allotment for ASBA and Non –ASBA forms?No. ASBA forms will be treated similar to the non‐ASBA forms while finalizing the basis of allotment.
Learn More Will I get the acknowledgment of receipt for applications submitted through ASBA From the SCSB?Yes. The SCSB shall give a counterfoil as an acknowledgment at the time of submission of ASBA and also the order number, generated at the time of uploading the application details, if sought by the investors in case of need.
Learn More Are the bids submitted through ASBA and uploaded in the electronic bidding system of the stock exchange, in case of public issue through book building, reflect in the demand graphs displayed in the website of stock exchanges?Are the bids submitted through ASBA and uploaded in the electronic bidding system of the stock exchange, in case of public issue through book building, reflect in the demand graphs displayed in the website of stock exchanges?
Learn More Can I apply in an issue through ASBA facility and through “normal existing system of payment through cheque” in an issue?No. An investor can apply either through ASBA or through existing system of payment through cheque. If an applicant applies through both, ASBA as well as non‐ASBA then both the applications having the same PAN, will be treated as multiple application and hence will be rejected.
Learn More Can I submit my ASBA to a broker as is being done in the present issue process applying through cheque?You are required to submit ASBA to the SCSBs only.
Learn More Do I necessarily need to have a DP account with the SCSB where I intend to submit the ASBA application?No. Investors need not necessarily have their DP account with the SCSB, where they are submitting the ASBA form.
Learn More If I withdraw my bid made through ASBA, will the bank account be unblocked immediately?If the withdrawal is made during the bidding period, the SCSB deletes the bid and unblocks the application money in the bank account. If the withdrawal is made after the bid closure date, the SCSB will unblock the application money only after getting Appropriate instruction from the Registrar, which is after the finalization of basis …
Learn More 14. Whether my bank account will be blocked or only the amount to the extent of application money is blocked?No. the entire bank account will not be blocked. Only the amount to the extent of application money authorized in the ASBA will be blocked in the bank account. The balance money, if any, in the account can still be used for other purposes.
Learn More Can I withdraw my ASBA bids? If yes, how?Yes, you can withdraw ASBA bids. During the bidding period you can approach the same bank to which you had submitted the ASBA and request for withdrawal through a duly signed letter citing your application number, TRS number, if any. After the bid closure period, you may send your withdrawal request to the Registrars before …
Learn More Can I use the existing application form for public issues for applying through ASBA?Investor is requested to check the form carefully. In case of public issue, the application form for ASBA will be different from the existing application form for public issues. The application forms will be available with designated branches of SCSB. In case of rights issue, there will not be a separate form for ASBA. The …
Learn More Am I required to submit ASBA only physically?No, you can either fill up the physical ASBA form available with SCSB and submit the same to the SCSB or apply electronically/online through the internet banking facility (if provided by your SCSB).
Learn More How many applications can be made from a bank account?Five (5) applications can be made from a bank account per issue.
Learn More Can I submit ASBA in any of the banks specified in the list of SCSBs?No, ASBA can be submitted to the SCSB with which the investor is holding the bank account.
Learn More What is Self certified Syndicate Bank (SCSB)?SCSB is a bank which is recognized as a bank capable of providing ASBA services to its customers. Names of such banks would appear in the list available on the website of SEBI. [Also see answer to question (6)]
Learn More Where should I submit my Application Supported by Blocked Amount (ASBA)? How shall I know which bank and which branch of that bank is the designated branch for accepting ASBA applications?List of Self Certified Syndicate Banks (SCSBs) and their designed branches i.e. branches where ASBA application form can be submitted, is available on the websites of BSE ( www.bseindia.com ) and NSE ( www.nseindia.com ) and on the website of SEBI ( www.sebi.gov.in ). The list of SCSB would also be given in the ASBA …
Learn More Can I make application through ASBA facility in all issues?Yes, you can make application through ASBA facility in all the issues i.e. public and rights.
Learn More Is it mandatory for investors eligible for ASBA, to apply through ASBA only?No, it is not mandatory. An investor, who is eligible for ASBA, has the option of making application through ASBA or through the existing facility of applying with cheque.
Learn More What advantage an investor has in applying through ASBA vis‐à‐vis applying through an application with a cheque?Applying through ASBA facility has the following advantages: The investor need not pay the application money by cheque rather the investor submits ASBA which accompanies an authorization to block the bank account to the extent of the application money. The investor does not have to bother about refunds, as in ASBA only that much money …
Learn More Who can apply through ASBA facility?SEBI has been specifying the investors who can apply through ASBA. In public issues w.e.f. May 1, 2010 all the investors can apply through ASBA. In rights issues, all shareholders of the company as on record date are permitted to use ASBA for making applications provided he/she/it: Is holding shares in dematerialized form and has …
Learn More Detailed procedure of applying 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 …
Learn More What is “ASBA”?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 …
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