We are only conducting Seminars to make Professional Traders. Join Now for Hyderabad and Chennai Seminar. The material published on the blog is of general and educational information only and is not suitable for trading purpose.

How ASBA is Benefitting Retail Traders while Applying for IPO?

SEBI has revolutionsied the way retail traders can invest in an IPO and one such way is the ASBA (application supported by blocked amount) facility. The benefit of this facility is that amount is only blocked in account like a lien and is physically transferred to issuer once it is confirmed that individual has been allotted the shares.

ASBA is an application for subscription to an issue containing an authorization to the investors’ bank to block the application money in the bank account and release funds only on allotment.

Check further benefits of ASBA here in below screenshot which is given by South Indian bank.


Remember to visit us regularly for Indian IPO news to make money in IPO market.

Most Visited Stocks - Click to Visit Link

 
We Teach and Train our Readers as we want to make sure that Readers become thorough professionals. We do not provide any stock tips. Please do not make any payments. Your joining or reading content is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. Trade ideas if any are for educational purpose only. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad. Leave query through contact form.
Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9