Chittorgarh logo
Contact Us   Facebook   Go
IPO's in India
  IPO Dashboard
  Current IPO List
  IPO Calendar
  Performance Tracker
  Grey Market Premiums
  IPO Ratings
  IPO Reviews
  IPO Message Board
  Basis of Allotment
  IPO Alerts
  IPO Prospectus Docs
  IPO Reports (Historic)
  IPO News Live
  IPO FAQs
  IPO Alert Blog
Current IPOs-BSE, NSE
More IPO's...
Current SME IPO's
More SME IPO's...
Subscribe with us...
 Free Email Alerts
 Name
 Email 

India Stock Market
  Stock Message Board
  Stock Market Home
  NSE Bulk Deals
  NSE Circuit Filters
  Corporate Announcements
  Market Holidays
  Stock Gadgets
Bonds & NCDs
  Current Bonds / NCDs
  Discuss Bonds
Stock Trading Brokers
  Broker Comparison
  Stock Broker Articles
  Discount Brokers
  Zerodha (Trade at Rs 20)
  RKSV
  Trade Smart Online TSO
  Traditional Brokers
  ICICI Direct
  Sharekhan
  Kotak Securities
  SBI Securities
  HDFC Securities
  Reliance Securities
  Bajaj Capital
  Standard Chartered
  Geojit BNP Paribas
  IDBI Capital
  Motilal Oswal
  Angel Broking
  Ventura
  Indiabulls Securities (ISL)
  India Infoline (IIFL)
  Religare Broking

IPO FAQs » IPO Payment » Post Comments

<< Back to IPO FAQs - IPO Payment

Detail process flow for 'Applications supported by Blocked Amount (ASBA)' payment Option.

  1. Self Certified Syndicate Banks (SCSBs) accept retail individual investors bid for IPO Shares at Cut-Off price through internet banking or at certain designated branches.
  2. Investor receives the acknowledgement from the bank along with the IPO Application Number.
  3. Bank blocks the amount in investor's bank account for the IPO as applied and send the application information to the designated stock exchanges for that IPO. In case of insufficient amount in investor's bank account, the bank can reject the IPO application and do not sent the bidding to stock exchanges.
  4. Bank keep the physical forms or electronic date (in case of online IPO Application) for specified period of time.
  5. IPO Registrar receives the final bidding information from stock exchanges soon after issue get close. ASBA applications are processed along with the other IPO applications.
  6. IPO Registrar validate the bids and rejects the application who doesn't match the application requirements.
  7. Registrar complete the ‘Basis Of Allotment' and get it approved from stock exchanges.
  8. Registrar sends request for money to SCSB's to transfer money to escrow public issue account.
  9. Registrar receives the money and transfer the allocated shares to investors Demat Account.

Date Last Updated: 8/6/2008 8:47:49 PM

<< Check out more FAQs about IPO Payment

User Comments

8.  pankaj shah      Feb 22, 2012 9:45:37 PM IST
Can I make IPO application of my family members through ASBA from my bank account ? They have demat account but not linked with my bank account.  

7.  Sandeep      Feb 21, 2012 8:04:30 PM IST
Please give the link where i get the application forms for ASBA as soon as possible

Thaks 

6.  MBDESAI      Sep 26, 2010 5:11:11 PM IST
Having a/c with SCSB whether an IPO ASBA APPLICATION can be made through nseindia.com ?
If yes what is the complte procedure of it?
Advise in the intrest of investor cmmunity as a whole.
Thanks
MBDesai 

5.  PAPINENI RATNAMMA      Jul 27, 2010 9:13:09 PM IST
I want to apply on line thru IDBI PAISABUILDER.IN WHICH IS HAVING TIE UP WITH HDFC BANK INWHICH I AM HAVING SAVINGS BANK ACCOUNT. AND IAM HAVING INTERNET BANKIN ALSO. PLEASE LET ME KNOW HOW I CAN APPLY UNDER ASBA FOR IPOs THRU IDBI CAPITAL HAVING TIE UP WITH HDFC BANK.

YOURS FAITHFULLY

P RATNAMMA 

4.  VIJAY      Nov 30, 2009 1:47:21 PM IST
What will be the role of sub-syndicate members in ASBA. 

3.  Harish      Jul 30, 2009 10:21:49 AM IST
I have my SB account in HDFC bank with internet banking facility with me, and I want to submit the ASBA through internet. Please let me know the procedure in detail.

Thank a lot.
 

2.  Kris      Aug 6, 2008 7:36:35 PM IST
Dear Motabhai,
Please find the answer of your question below:

1. Bank who are 'Syndicate members' for specific IPO will accept physical forms as usual. This is an existing process.

2. Only SCSBs at specific branch or online can accept application with ASBA payment option chose. Investor should have account with the bank to avail this facility.

3. If SCSB is also 'the Syndicate member' for the specific IPO, they will accept the IPO forms with other payment options.

4. Syndicate members without ‘SCSB’ status can not accept IPO Application with ‘ASBA payment option.

Example:
A. Suppose you have an account with XYZ Bank, XYZ bank has SCSB status from SEBI and XYZ bank is not the syndicate member of ABC IPO.

In this case you can submit your IPO bid using ASBA method with XYZ bank but they will not accept your application form with other payment option i.e. cheque.

B. Now suppose XYZ1 Bank is the syndicate member for the ABC IPO but not having SCSB status, they will accept physical application form with cheque but you cannot use ASBA payment option.

Hope this will clarify your doubt. Feel free to reply back in case of further questions.

Kris 

1.  MOTABHAI      Aug 6, 2008 1:13:44 PM IST
whether bank will receive the ipo application in physical form from its a/c holder only or from any individual who may not be interested in availing this amount block facility but may be interested in just depositing the form along with cheque as per general earlier procedure 

 

 

More IPO FAQ  List of all IPO Investment related Frequently Asked Questions (FAQ's)

More IPO FAQ  Check out more FAQs about IPO Payment

More IPO FAQ  Ask your question

 

Online Stock Trading ICICIDirect Sharekhan Zerodha Ventura Indiabulls RKSV Trade Smart Online (TSO) Reliance Sec Religare Motilal Oswal
IPO Dashboard Current IPO List IPO Calendar IPO Performance Tracker IPO Grading / Ratings IPO Basis of Allotment IPO FAQ's IPO Alert Blog 
Home Page Current NCD's / Bond's in India Stock Market Message Board General Discussion Forums Contact Us Guest Book About Us Sitemap
Subscribe to Free IPO Alert Emails ... Name:       Email:      
Chittorgarh.com All rights reserved. For questions, comments, suggestions and praise Contact Us today.