ASBA is an acronym for Application Supported by Blocked Amount. It is an application that authorizes to block the application money in the investor bank account. The money is debited upon allotment of shares through IPO. ASBA Forms are available at all Self certified Syndicate Banks (SCSB). Investor fills in details like name of the […]
Application supported by blocked amounts or as it is popularly known, ASBA is one among the game changers in Indian Financial history. In the early 1990’s, Indians increasingly became more visible in the stock markets after the liberalization. But applying for an IPO was a very intimidating process. Investors paid a fixed amount through cheques […]
