Payment in IPO FAQs

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

These are the essential requirements to apply through ASBA Payment Mode:

  1. ASBA is only available to retail investors at the moment.
  2. A 'Self Certified Syndicate Banks' (SCSB) should have the account of the investor. SEBI will soon have a list of SCSB's. You can find more information about the SESBs in the questions below.
  3. Investors can only apply for investment at the cut-off price. The bids can't be changed after they have been submitted. Investors can withdraw their application prior to the issue closes.
  4. The total bid amount for an IPO application (application amount) will be locked until it is allotted. The investor cannot withdraw the money during the locking period.

In an IPO what is 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?

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

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