ASBA (Application Supported by Blocked Amount) is an application by an investor containing an authorization to self-certified syndicate bank (SCSB) to block the application money in the bank account, for subscribing to an issue, if an investor is applying through ASBA. The application money is debited from the bank account only if the application is selected for allotment after the allotment is finalized.
You may also like
A day count convention determines how interest is calculated over a period of time for fixed income instruments. The most widely used […]
The allotment pattern in a public issue among different categories of applicants. This is finalized by the issuer company, its registrars and […]
An investment is a asset that is purchased with the hope that it would appreciate in value in future or generate income […]
Securities issued to an identified set of investors, on preferential terms. It may or may not be with a public issue or […]