Who can apply through ASBA facility?
SEBI has been specifying the investors who can apply through ASBA. In public issues w.e.f January 1, 2010 all the investors other than Qualified Institutional Buyers (QIBs) can apply through ASBA. In rights issues, all share holders of the company as on record date are permitted to use ASBA for making applications provided he/she/it: • is holding shares in dematerialized form and has applied for entitlements or additional shares in the issue in dematerialized form; • has not renounced its entitlements in full or in part; • is not a renouncee; • who is applying through blocking of funds in a bank account with the Self Certified Syndicate Bank.
Related Questions
- Who are Self Certified Syndicate Banks (SCSBs) and how do I know if my bank has the facility to apply in an IPO using ASBA payment method?
- Can I apply in an issue through ASBA facility and through "normal existing system of payment through cheque" in an issue?
- What is the time limit for bidding through the IPOSmart (ASBA) facility?
