SEBI said application supported by blocked amounts (ASBA) method for payment for initial public offerings and rights issue wil be extended to high net worth individuals and to corporate investors from January 10.
Free Live NSE Tips
But Qualified Institutional buyers cannto avail themselves of this facility. The ASBA facility is currently available only to retails investors. Here the application money for share in a public issue is blocked in the applicants bank account till allotment. The banks which offer such facilities are approved by SEBI as self certified syndicate bank (SCSBs)
Related Pages :
