When was ASBA introduced?

The ASBA procedure was introduced by SEBI in a circular dated July 30, 2008, and became effective for all book building public issues opened on or after September 1, 2008.

ASBA was introduced in a phased manner as an offering available with certain restrictions only to retail investors. Ultimately, as of January 2016, ASBA became mandatory for all categories of investors except anchor investors.

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