ASBA

Apply
online for
IPO

You can also apply for ASBA IPO/FPO

through Star Connect ( Net Banking)

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Application
Supported by
Blocked
Amount
(ASBA) refers to an application
mechanism for subscribing to initial
public offers(IPO)
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• ASBA obviates writing out cheques
• There are no hassles in receiving back money if IPO is not
allotted as has been observed in case of applying IPO by
issuing cheque.
• There is no loss of interest because the amount remains in
the SB/CD a/c during the period of allotment of shares.
• One can apply under Retail, High net worth Individuals or
corporate quota through ASBA IPO/FPO

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• The system, introduced by SEBI in 2008
,ensures that the applicant’s money remains
in his/her bank account till the shares are
allotted.
• Now it has been extended to corporate
investors and HNIs as well (from January 1,
2010, onwards).

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• For applying ASBA IPO /FPO you have choice of
1. Online application
2. Application in physical form for which you will have to go to specified branch
to submit physical form to block the amount for shares being applied .
• Application can be filed online very conveniently by the customers having internet
Banking with login and transaction passwords with least information like DP-ID,
Client- ID, PAN No. and No. of shares to be applied.
• In addition to online facility for ASBA IPO application, Our
customers(applicants)can submit ASBA application in physical form for blocking
the amount to our designated branches shown on Bank’s website.
• Nodal branch details are available on Bank’s website . The phone of nodal officer
is 022-2272 1785 and email stockexchange.mumbaisouth@bankofindia.com

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• Despite not being mandatory, it makes sense to opt for ASBA
as it scores over the traditional mode of cheque payment in
several areas. It enhances the transparency of the share
allotment process. Only that amount that is required to make
share allotment is debited to the account after the bid is
selected for allotment after the basis of allotment is finalized.
• No need to visit the branch for handing over form if the
applicant is having Internet Banking with login and transaction
passwords.
• Therefore, the applicant need not worry about the refund in
case he/she is not allotted any share. Moreover, since the
money remains in the bank account, he/she does not lose out
on the interest that can be earned during the period

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• Yes. During the bidding period, one can approach Bank’s
branch, to which he/she had submitted the application in
physical form and make a withdrawal request, post which,
the bank will unblock the amount. IPOs applied online can
be withdrawn online during bidding period.
• After the bid closure period, applicants need to send their
withdrawal requests to the Registrars in order to withdraw
their bids.
• Subsequently, the Registrar will ask the SCSB concerned
(our Bank) to unblock the application money in the bank
account after the finalization of basis of allotment.

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 Q. How to apply for IPO online
through BOI website?
• The basic needs are to have SB/CD a/c with Bank , and Demat a/c ( with
DP-ID and client ID),PAN No. Internet Banking with Login and transaction
password
• visit Bank’s website www.bankofindia.com
• Go to Internet Banking
• Login to your Internet Banking
• Note down no. of units to be applied ,lot size, bid price ,DP ID,Client
ID,PAN before feeding details in the system which will save your time.
• Click on Requests
• Click on ASBA IPO request and other menu as shown in slides
• Details for Online ASBA IPO are available on our website
• Screen shots for applying through internet banking are given in next few
slides

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 No. of Shares in
multiple of lot
size and Cap of
Amt. Rs 1 lac for
individual

PAN Client & DP ID

Bid price
within
Min and
Max
band

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Amt
Blocked
and Bid
price will
be shown
before you
confirm for
blocking
Fill user ID and transaction password to
amt. for
confirm the transaction for blocking the
shares
amount.
applied

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