ASBA - Application Supported by Blocked Amount

ASBA - Application Supported by Blocked Amount - enables investors to apply for Public Issue Like IPO/ FPO/ Right Issue, Debt Issue NCD, NFO issues without making immediate payment. The Application Bid amount is blocked in investor's bank account and is released in a proportionate amount on allotment of shares.

ASBA Online Facility

• It is simple, instant, secure, and available 24x7.

Eligibility

• All our Internet customers (net banking users) having transaction rights are eligible to utilize the ASBA online facility.

Key Benefits

• Free of cost
• No application forms needed
• Easy to operate from anywhere
• Facility available 24x7
• Create once with demat accounts details

Online Subscription of IPO/FPO/NFO

Bank introduces yet another new functionality for the benefit of the internet banking users having transaction rights - ASBA.

Under this functionality, any internet banking user can make application for IPO subscription for any company. The functionality is user friendly and simple and available 24x7.

Advantages to customers

• No need to procure and submit Public Issue (IPO) application forms from Broker or Bank
• The facility is free of cost to the users.
• Facility available 24x7. On closing day of an issue, the subscription can be made only up to 2:30 pm.
• Easy and convenient to operate from comfort of your home/office. Saves time and energy.

Pre-requisites

For using the ASBA functionality through internet, user should

• Maintain a CASA with Bank
• Be an Internet Banking User having transaction rights

Process for on-line application by Internet User

• Login to our net banking page using your Internet login ID and password
• The user after Login will find ASBA/ IPO menu on the Left bar of net banking page.
• The ASBA/ IPO menu shall have following sub-menu (explained in detail below).

Beneficiary (Investor) Registration Option

Users to register (create) once the Beneficiary (investor) details such as Investor Name, Depository detail, DP ID, client ID, PAN (This is a onetime creation and can be used for all future subscription to Public Issue - IPO/ NFO etc.) The Beneficiary (investor) creation in the menu will save time at the time of subscribing in future issues and would also avoid any omission or typographical mistakes that usually reject applications.

Apply in Public Issue (IPO/ FPO/ Right Issue/ NCD/ etc)

• The menu shall display all the current Public Issue - IPO/FPO/NCD issues open for subscription.
• Users to click at IPO issue which investor intend to subscribe in the displayed list.
• Details of the IPO selected are displayed.
• User to select Bank Account Number from dropdown.
• User to select Beneficiary Details from dropdown under Bank Account Number.
• User to select/ input bid quantity. This shall be the amount for which the lien will be marked in the selected account.
• Only investors need to select option as Individual or Employee or HUF
• Details - as per investor registration is displayed. Click on submit button.

View Subscribed IPO

User can also view all the Applied Public Issue made through internet banking anytime for any date range.

View Subscribed IPO

• For all successful submission, lien is noted on the given Bank Account till allotment/ non-allotment of the IPO.
• In case of non-allotment, the lien will be released.
• Lien noting of the blocked amount can be viewed by clicking on accounts menu and lien inquiry on the side menu against the respective account.
• On allotment the account shall be debited with the requisite amount and lien on balance amount shall be released. The investor can also view the no. of share allotted.

Smart ODR URL

SCORES Investor URL