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Can an investor apply on Lower Price Band using ASBA payment method?

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No.
In the current form of ASBA, retail individual investors can only apply at cut-off price to use ASBA payment option.

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More IPO Payment Questions...

  1. What is ASBA payment method for IPO?
  2. What are the basic requirements to apply in an IPO using ASBA process?
  3. Who are Self Certified Syndicate Banks (SCSBs) and how do I know if my bank has the facility to apply in an IPO using ASBA payment method?
  4. Detail process flow for 'Applications supported by Blocked Amount (ASBA)' payment Option.
  5. I do not have bank account with SCSB's listed on SEBI website. Can I still apply in IPO's using ASBA payment option?
  6. Will bank change any additional fees from there customers if they choose ASBA IPO Payment Option?
  7. When the banks will need money in customers account to lock for ASBA payment option?
  8. Can an investor apply on Lower Price Band using ASBA payment method?
  9. Can an investor cancel or withdraw the IPO Application (or bid) submitted using ASBA payment option through SCSB's?
  10. If I made application through 'Self Certified Syndicate Bank', then my money will be blocked but it is in my saving account, will I get interest for that period?
  11. How do I choose ASBA payment option while applying for an IPO Stocks through ICICIDirect or other online trading portals?
  12. Do I have to pay any brokerage at the time of applying for an IPO?

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