What is the ASBA process?

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ASBA means "Application Supported by Blocked Amount." The ASBA is a facility offered by self-certified syndicate banks to block the application money in the bank account for subscribing to an issue.

The amount blocked for IPO application cannot be used for any other purpose. However, the amount will continue to earn interest until it is debited in the event of an allotment. If no allotment takes place, the blocked amount is released again.

To apply for ASBA shares, investors must have an account with one of the banks that offer the ASBA facility.

Topic: ASBA IPO Feedback

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