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How to apply for IPO using ASBA?

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Investors can apply for an IPO using ASBA either online using the Netbanking services or offline by submitting the offline IPO application form to the nearest broker/bank branch.

Steps to apply online for IPO through ASBA procedure

  • Login to the Netbanking account of the ASBA enabled bank.
  • Look for the IPO tab.
  • Select the IPO one wants to apply for.
  • Enter the personal details like PAN, email, Demat details.
  • Enter the bidding details.
  • Submit the application.

Note : The personal details are generally required to be entered only for the first time when investors apply using their Net banking services.

Steps for offline ASBA IPO process

  • Download the required IPO application form from NSE or BSE OR visit the bank that offers the ASBA facility and ask for the application form
  • Fill the below details in the IPO application form:
  • Name, Address, Contact, PAN and Email details of the applicant.
  • Bidding details - Quantity and Bidding price/Cut-off, Amount.
  • Enter the ASBA Bank account No.
  • Sign the form.
  • Submit the application form to the nearest SCSB branch.
  • Collect the acknowledgement receipt.

 

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