What is ASBA?
ASBA
(Applications
Supported
by
Blocked
Amount)
is
a
process
developed
by
SEBI
to
apply
IPOs,
Rights
issues,
FPS,
etc.
As
per
the
ASBA
investors
should
apply
the
IPOs
with
ease
and
the
amount
will
be
blocked
for
till
the
IPO
allotment
comes
out
or
before
IPO
listing
day.
The
investors
should
follow
the
process
to
log
in
to
their
bank
account
via
net
banking
and
choose
the
ASBA
option
to
apply
for
an
IPO.
After
that
select
the
IPO
and
fill
in
the
detailed
information
as
required
by
the
ASBA
Form.
It
is
easy
if
you
are
a
tech-savvy
guy.
Just
follow
the
steps
and
you
will
able
to
see
the
submitted
application
under
ASBA
in
your
bank
account.
If
an
investor
will
get
the
allotment
the
fund
will
be
deducted
from
the
bank
account
and
will
be
notified
via
bank
SMS,
or
the
lien
balance
will
be
released
as
on
the
allotment
date
or
before
the
IPO
listing.
How to apply IPO through ASBA Online?
- Log-in to Bank Account via Net-Banking or Bank Mobile App
- Go to the Online IPO section or ASBA.
- Select the IPOs you want to apply
- Enter your depository details
- Fill in bidding details like category, quantity, and amount
- Place and confirm your Order
- Accept the “Terms & Conditions” before submitting the bid
- The IPO Application is Submitted
- IPO Application Bid will be sent to the stock exchange by Bank
- The exchange accepts the Bid and sends the Application number to Bank
- The bank shows the message for successful bid
- On the last day exchange shares details to the registrar
- Registrar completes the IPO allotment process as per the basis of the allotment
- If the investor get the allotment registrar transfer shares to the Demat account
- An investor can sell the shares on the IPO listing day
ASBA Cut-Off Time offered by Banks on the Last Day of an IPO.
There are different Bank ASBA timings as per their rules. Here are a few of the bank names that allow IPO Applications on the last day from 2 PM to 4 PM.
- SBI Bank – 2 PM
- Kotak Mahindra Bank – 2 PM
- Punjab National Bank – 2 PM
- Corporation Bank – 2 PM
- IndusInd Bank – 2 PM
- Bank of Baroda 3 PM
- Andhra Bank – 3 PM
- ICICI Bank – 3 PM
- Axis Bank – 3 PM
- Yes Bank – 3 PM
- Dena Bank – 3 PM
Note: The time might be varied, if anyone has a query regarding the same please inform us to update the same.
How to check ASBA IPO Application Status?
- Log on to our IPO Allotment Status page
- Click on the IPO name to check the status
- Choose the company name and enter the PAN Number
- Submit the request
ASBA IPO Application Example of SBI Bank?
- Login to SBI Bank NetBanking – https://www.onlinesbi.com/
- Click on eServices Tab
- Click on Demat & ASBA Services
- Click on IPO Equity
- Select IPO
- Enter Details in the Form like DP ID, BID, Name, Pan Card and more
- Verify & Confirm Your Order
It’s Done. It’s easy and simple but you need funds in your SBI Bank account so that it can be blocked when you apply for the IPO through SBI NetBanking. Once you apply amount will be blocked and it can be used after the unblocking funds if you do not get the IPO allotment. If you get the allotment the shares of the company will be credited to your Demat Account.
# Add IPO Application Details:

# Net-Banking Login with Profile Password:

# Add DP & Applicant Details:

# Select IPO from Demat & ASBA Services

# Accept IPO Disclaimer or T&C:

# Select IPO from the List:

# Apply IPO through ASBA:

# IPO Bidding:

3 Responses
I m out of town. Pl send me blank ipo application form on below email. I ll take print out fill it and sign and send it to concerned branch. Pl send
Bajaj housing
Gadgil sons
SBI ipo application me se 2 neam diframt he
2 application ho gi