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- Q4654077 subject Q8818252.
- Q4654077 abstract "ASBA (Applications Supported by Blocked Amount) is a process developed by the India's Stock Market Regulator SEBI for applying to IPO. In ASBA, an IPO applicant's account doesn't get debited until shares are allotted to them.Earlier Qualified Institutional Buyers (QIBs) were not allowed to participate in IPOs through ASBA facility. Currently as per SEBI guidelines, Non-retail investors i.e. Qualified Institutional Buyers and Non-Institutional Investors, making application in public/rights issue shall mandatorily make use of ASBA facility.ASBA process facilitates retail individual investors bidding at a cut-off, with a single option, to apply through Self Certified Syndicate Banks (SCSBs), in which the investors have bank accounts. SCSBs are those banks which satisfy the conditions laid by SEBI. SCSBs would accept the applications, verify the application, block the fund to the extent of bid payment amount, upload the details in the web based bidding system of NSE, unblock once basis of allotment is finalized and transfer the amount for allotted shares to the issuer.ASBA means “Applications 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only if his/her application is selected for allotment after the basis of allotment is finalized, or the issue is withdrawn/failed.It is a supplementary process of applying in Initial Public Offers (IPO) and Follow-On Public Offers (FPO) made through Book Building route and co-exists with the current process of using cheque as a mode of payment and submitting applications.ASBA is stipulated by SEBI, and available from most of the banks operating in India. This allows the investors money to remain with the bank till the shares are allotted after the IPO. Only then does the money transfer out of the investors account to the company. This eliminates the need for refunds on shares not being allotted.As of December 3, 2012, 52 Banks are acting as SCSBs. Investors may submit their ASBA Applications to these SCSBs in order to apply for Public Issues. The list of SCSBs include the likes of Axis Bank, HDFC Bank, ICICI Bank, State Bank of India, Punjab National Bank, UCO Bank, IDBI Bank among others.".
- Q4654077 wikiPageExternalLink asbaprocess.pdf.
- Q4654077 wikiPageWikiLink Q1340361.
- Q4654077 wikiPageWikiLink Q1653258.
- Q4654077 wikiPageWikiLink Q185142.
- Q4654077 wikiPageWikiLink Q2003549.
- Q4654077 wikiPageWikiLink Q2005310.
- Q4654077 wikiPageWikiLink Q2122064.
- Q4654077 wikiPageWikiLink Q22687.
- Q4654077 wikiPageWikiLink Q2615692.
- Q4654077 wikiPageWikiLink Q2743499.
- Q4654077 wikiPageWikiLink Q359805.
- Q4654077 wikiPageWikiLink Q3633485.
- Q4654077 wikiPageWikiLink Q557880.
- Q4654077 wikiPageWikiLink Q631047.
- Q4654077 wikiPageWikiLink Q80042.
- Q4654077 wikiPageWikiLink Q8818252.
- Q4654077 comment "ASBA (Applications Supported by Blocked Amount) is a process developed by the India's Stock Market Regulator SEBI for applying to IPO. In ASBA, an IPO applicant's account doesn't get debited until shares are allotted to them.Earlier Qualified Institutional Buyers (QIBs) were not allowed to participate in IPOs through ASBA facility. Currently as per SEBI guidelines, Non-retail investors i.e.".
- Q4654077 label "ASBA".