Payment in IPO FAQs

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

The money will be required by the bank to place the bid for IPO shares via ASBA payment option. SEBI clearly stated that banks won't accept IPO applications before blocking the bidding amount (for ASBA).

The amount will be locked until the registrar / Stock exchange request bank releases the funds. This could happen if the investor hasn't received the allotment or IPO application was rejected.

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?

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?