IPO Application Through ASBA

To keep up with India’s growth story, a large number of companies look to tap the primary markets to raise capital through Initial Public Offerings (IPO's). As most IPO's are oversubscribed, the shares allotted to you are far less than what you apply for. In the process, not only you run out of cheque leaves but the balance in your bank account also takes a dip.

However, the IPO Application through ASBA is an investor-friendly way to apply for any IPO. The ASBA (Application Supported by Blocked Amount) is an interface which ensures that your funds leave your bank account only when you are allotted shares in public issues. Within this period, you will continue to earn interest on your savings account.

• The amount remains blocked in your bank account for the IPO application.
• Earn interest on the earmarked funds.
• The amount is debited only when the shares are allotted to you.
• No need to wait for your refund cheques/ ECS credits.
• This facility is absolutely FREE.

• Click on the link named "IPO Application" under Request on the left side menu.
• Select one of the IPOs you want to apply for and mention up to 3 bids.
• Enter your depository details.
• Place and confirm your Order.
• You would then be required to accept the "Terms & Conditions" before submitting the bid.

Important Notice