ASBA IPO

ASBA IPO, or Application Supported by Blocked Amount, is a system facilitating bid submissions for public offerings. Introduced in 2008, it enables Self-Certified Syndicate Banks (SCSBs) to block funds in applicants’ accounts for subscription. ASBA is widely used across investor categories, including retail, non-institutional, and qualified institutional buyers (QIBs). ASBA IPO Meaning ASBA, or Application […]