Application Supported By Blocked Amount

Application Supported by Blocked Amount (ASBA)

With a large number of companies opting for public issues in the primary market to raise capital, you now have the option to pick and choose and be a part of their market growth. All you need is sufficient fund, a bank account and a Demat account, to get started with these public issues.

ASBA is an investor-friendly way to apply for these IPO/Rights Issue/NCD. The ASBA mechanism ensures that your funds leave your bank account only when you are allotted with shares in the public issue.

Benefits of IPO/Rights application through ASBA

Earn interest on blocked funds
Instant fund release after allotment
Debit only for allotted shares
No additional charges.

Why ASBA?

Funds remain in your account, earning interest until shares are allotted.
Refunds processed without delay in case of non-allotment
Hassle-free online application in a few clicks
No need to issue cheques

How to Invest Through ASBA

Via SIB Mirror+/SIBerNet:

Visit Investment -> Apply for IPO/Rights Issue/NCD
Visit Services -> Add Investor details and Accept Terms & Conditions [One Time Registration]
Go to Available IPO/RIGHTS/NCD -> Select Issue Type (IPO/RIGHTS/NCD)
Select the respective Public Issue and click on Apply Button
Select Investor Details, Investor Category, Debit account number from drop down
Enter Bid quantity (Total number of shares required) & Bid price
Click on Proceed button
Cross check the details and click on confirm button
Enter the OTP received in the registered mobile number and click on Submit Button

A confirmation message with application number will auto populate. Application details and status can be viewed by visiting Track Request -> Applied IPO/RIGHTS/NCD tab.

Link:
NSE link: https://www.nseindia.com/market-data/all-upcoming-issues-ipo

BSE link: https://www.bseindia.com/markets/PublicIssues/IPOIssues_new.aspx?id=1&Type=p

Visit a Branch:
You can also apply for ASBA at your nearest South Indian Bank branch.

To find your nearest SIB branch, Click Here

For a detailed FAQ on ASBA, Click Here

For related details, Click here

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

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