Payment in IPO FAQs

How can I select the ASBA payment option when applying for an IPO Stocks through online portals or ICICI Direct?

Online payment options for ASBA 'Applications supported by Blocked Accounts' are now available to investors who use

20 Microns Limited is ICICI Direct's first IPO offering with ASBA payment. Issue is currently open. It has been subscribed 0.2113 times (0.1133 Retail) since its first day.

Follow these steps to choose ASBA payment option on

1. Login to Go to 'IPO" under 'Trading.
3. Click on the action 'Go" button in the IPO row for '20 MICRONS LIMITED'.
4. Check that the ASBA check box has been checked.
5. Send your bid.

That's all. It's that simple. There are no refund checks or direct deposits.

Note: Customers of ICICIDirect do not require additional documents in order to use the ASBA payment option.

Last updated Monday, September 8, 2008

In an IPO what is ASBA payment method?

What are the essential requirements to apply through ASBA payment method?

Who are SCSBs(Self certified syndicate banks)and How do I find out if my bank allows me to apply for an IPO through the ASBA payment method?

List down the process flow foe ASBA payment method.

I don't have a SCSBs bank account listed on SEBI Website. Can I still apply for IPO's with ASBA payment option for IPO?

If customers choose ASBA IPO Payment Options, will banks charge additional fees?

What is the bank's requirement to have money in customers accounts in order to lock ASBA payment option?

using ASBA method can an investor apply in lower price band?

Can an investor withdraw or cancel the IPO application (or bid) submitted through ASBA payment option via SCSB?

If I apply through 'Self Certified Syndicate Bank,' my money will be blocked, but it is in my savings account. Will I receive interest for that period of time?

At the time of applying for an IPO,do I need to pay any brokerage?