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at a branch which is identified as designated branch by the bank.Learn More What happens when the issue fails/is withdrawn?
In case the issue fails/withdrawn the SCSB shall unblock the application money from the bank accounts upon receiving instructions from the Registrar.Learn More Will there be any different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