What is Non ASBA IPO?

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Non ASBA IPO was the IPO payment method, where the bank account was debited with the respective application amount.

Prior to ASBA and for some time thereafter, the payment method was Non ASBA IPO, where payment for the IPO application was made with cheques and demand drafts.

However, with the introduction of ASBA, IPO applications are now only possible via ASBA or via UPI.

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