What ASBA means?

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ASBA is a method of applying for an IPO based on the fund-blocking mechanism.

The ASBA IPO full form means to apply for an IPO using the Application Supported by Blocked Amount. To apply for an IPO through ASBA, investors need to have an account with an ASBA-enabled bank.

The ASBA facility authorizes these banks (SCSBs) to block funds for the IPO application or for a public offering.

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