{"id":13069,"date":"2024-12-04T06:19:24","date_gmt":"2024-12-04T06:19:24","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?p=13069"},"modified":"2026-05-08T12:10:30","modified_gmt":"2026-05-08T12:10:30","slug":"what-is-asba","status":"publish","type":"ipo","link":"https:\/\/wp-api.pocketful.in\/blog\/ipo\/what-is-asba\/","title":{"rendered":"ASBA Meaning, Benefits, and Process"},"content":{"rendered":"\n<p>One way to get good returns on your investment is to invest in Initial Public Offerings (IPOs). However, the process of participating in an IPO needs to be straightforward, easy, and reliable. Previously, investors had to wait three months for their share allotment without earning any interest on the blocked amount.&nbsp;<\/p>\n\n\n\n<p>Luckily, this process became more manageable for investors after the Securities and Exchange Board of India (SEBI) introduced the ASBA (Applications Supported by Blocked Amount) in 2008, which became mandatory in 2016.&nbsp;<\/p>\n\n\n\n<p>In this blog post, we will delve deeper into the ASBA process, its benefits, its eligibility criteria, and its application process, both offline and online.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/what-is-asba\/#What_is_ASBA_and_How_Does_it_Work\" title=\"What is ASBA and How Does it Work?\">What is ASBA and How Does it Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/what-is-asba\/#Benefits_of_ASBA\" title=\"Benefits of ASBA\">Benefits of ASBA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/what-is-asba\/#Eligibility_Criteria_for_ASBA\" title=\"Eligibility Criteria for ASBA\">Eligibility Criteria for ASBA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/what-is-asba\/#How_to_Apply_for_ASBA\" title=\"How to Apply for ASBA?\">How to Apply for ASBA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/what-is-asba\/#Can_You_Cancel_an_ASBA_Application\" title=\"Can You Cancel an ASBA Application?\">Can You Cancel an ASBA Application?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/what-is-asba\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/what-is-asba\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-what-is-asba-and-how-does-it-work\"><span class=\"ez-toc-section\" id=\"What_is_ASBA_and_How_Does_it_Work\"><\/span>What is ASBA and How Does it Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>During the 90s, applying for an initial public offering (IPO) was a challenging process. Investors who wanted to apply for an IPO had to fill out a form and send a check to their banker or broker in a fixed price issue. Additionally, it takes around three months to receive notification regarding the IPO allocation, and applicants didn\u2019t receive any interest on the blocked amount.<\/p>\n\n\n\n<p>&nbsp;However, the introduction of ASBA, or Applications Supported by Blocked Amount, by the Securities and Exchange Board of India (SEBI) fundamentally changed the IPO application landscape. The ASBA restricts the number of IPO applications exclusively for the duration of the application window.&nbsp;<\/p>\n\n\n\n<p>In this case, the money gets blocked in your bank account to the extent of application value and will not be deducted until the shares are issued to you and credited to your <a href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/what-is-a-demat-account\/\">demat account<\/a>. If the shares are not issued to the applicant, the money will get unblocked in their bank account. The exciting part is that you would still be able to receive interest on your blocked amount.&nbsp; Now, all applications are submitted exclusively via ASBA or Applications Supported by Blocked Amount mode.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-asba\"><span class=\"ez-toc-section\" id=\"Benefits_of_ASBA\"><\/span>Benefits of ASBA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are many advantages to investing in an IPO through the ASBA procedure; a few of these are listed below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Interest <\/strong>\u2013 While applying for an IPO, your fund will be blocked in your bank account, but you continue to earn interest on it, which means you do not lose an opportunity to earn income from the blocked fund.<\/li>\n\n\n\n<li><strong>Simple <\/strong>\u2013 Applying in IPO through ASBA eliminates the lengthy documentation and payments of cheques, as this process is entirely digital.<\/li>\n\n\n\n<li><strong>Easy Refund<\/strong> \u2013 If you have not been allotted any shares in the IPO, your money will be unblocked and released into your bank account.<\/li>\n\n\n\n<li><strong>Average Balance<\/strong> \u2013 To prevent fines for failing to maintain the required balance, the money applied through ASBA is simply blocked in your bank account rather than removed, as different banks determine the average quarterly balance in your account.<\/li>\n\n\n\n<li><strong>Transparency <\/strong>\u2013 ASBA is a secure process in which an investor personally authorizes to block the amount in their bank account. Both the bank and the Securities and Exchange Board of India oversee the process, which minimizes the risk of fraud.<\/li>\n\n\n\n<li><strong>Prompt Action<\/strong> \u2013 Through ASBA, one can immediately apply for the IPO, and the blocked amount will be promptly refunded to your bank account.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria-for-asba\"><span class=\"ez-toc-section\" id=\"Eligibility_Criteria_for_ASBA\"><\/span>Eligibility Criteria for ASBA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The eligibility criteria for using the ASBA facility are as follows-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The ASBA process can be used by any individual who is a resident of India.<\/li>\n\n\n\n<li>To use ASBA, an applicant needs to have a Demat account and a Permanent account number (PAN).<\/li>\n\n\n\n<li>Individuals need to have a bank account with a Self-Certified Syndicate Bank (SCSB).<\/li>\n\n\n\n<li>Investors should have sufficient funds in their bank account to cover the bid amount.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-asba\"><span class=\"ez-toc-section\" id=\"How_to_Apply_for_ASBA\"><\/span>How to Apply for ASBA?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Investors can apply either online or offline, depending on their preferences. Here are the processes mentioned below:&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-online-asba-application-method\">Online ASBA Application method<\/h3>\n\n\n\n<p>Applying for an IPO through the ASBA facility is an easy and faster process; you can apply through Net Banking or your Demat account:<\/p>\n\n\n\n<p><strong>Net Banking:<\/strong>&nbsp; An investor can apply through their net banking for an IPO; here are the steps mentioned below-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;&nbsp;An investor is required to log in to their net banking application.<\/li>\n\n\n\n<li>&nbsp;Select the IPO section from the listed applications.<\/li>\n\n\n\n<li>&nbsp;You will be redirected to the application form.<\/li>\n\n\n\n<li>You need to fill out the required details, including your name, PAN card number, bid price, bid quantity, and the 16-digit unique DP number.<\/li>\n\n\n\n<li>Then click on the submit button, and your application will be submitted successfully, and the amount will be blocked in your account.<\/li>\n\n\n\n<li>After applying for an IPO through the ASBA process, you can check your application on the NSE or BSE website.<\/li>\n<\/ul>\n\n\n\n<p><strong>Demat Account<\/strong>: The other platform on which you can apply through ASBA is as follows-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Login to your demat account using login credentials.<\/li>\n\n\n\n<li>Once you log into the demat account, go to the IPO section.<\/li>\n\n\n\n<li>Select the IPO in which you wish to apply, and enter the bid quantity and bid price.<\/li>\n\n\n\n<li>Then, you will be required to enter the details of the bank\u2019s UPI, which is registered with your demat account.<\/li>\n\n\n\n<li>You will receive a UPI mandate request in your mobile application after applying.<\/li>\n\n\n\n<li>Approve the request received on your mobile UPI app, and after completing this step, your IPO application will be submitted successfully.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-offline-asba-application-method\">Offline ASBA Application method<\/h3>\n\n\n\n<p>Applying an IPO through an offline method, you need to follow some steps, which are mentioned below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The investor is required to download the ASBA form from the NSE and BSE websites.<\/li>\n\n\n\n<li>You need to fill in the details like your name, your PAN card number, Demat account number, bid quantity, bid price, bank account number and Indian Financial System Code(IFSC).<\/li>\n\n\n\n<li>&nbsp;Submit the application form at the Self-Certified Syndicate bank and collect the acknowledge receipt.&nbsp;<\/li>\n\n\n\n<li>&nbsp;The SCSB will verify your application form and block the bid amount in your bank account.<\/li>\n\n\n\n<li>The bank will upload the details to the bidding platform.<\/li>\n\n\n\n<li>It&#8217;s necessary to ensure that the details provided in the ASBA form are correct to avoid being rejected.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-can-you-cancel-an-asba-application\"><span class=\"ez-toc-section\" id=\"Can_You_Cancel_an_ASBA_Application\"><\/span>Can You Cancel an ASBA Application?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You can cancel your application anytime till the issue is open for bidding. After cancelling the application, your money will be unblocked and will be available the next day.<\/p>\n\n\n\n<p><strong>Read Also:<\/strong> <a href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/how-to-apply-for-ipos-with-asba\/\">Apply in IPO Through ASBA- IPO Application Method<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In conclusion, the Securities and Exchange Board of India (SEBI) made the process of <a href=\"https:\/\/www.pocketful.in\/ipo\">applying for an initial public offering<\/a> (IPO) much easier, safer, and more transparent in 2008 when it introduced the Applications Supported by Blocked Amount or ASBA method. Retail investors are encouraged and empowered to apply for initial public offerings (IPOs) and take part in the expansion of new businesses. Previously, applying through ASBA was the only option, but now, after 2016, it has become mandatory to apply for an IPO. IPOs contain a lot of risk, so it&#8217;s better to consult with your financial advisor before making any investment decisions.<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">S.NO.<\/th><th class=\"has-text-align-left\" data-align=\"left\">Check Out These Interesting Posts You Might Enjoy!<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">1<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/ipo\/anchor-investors-in-ipos\/\">Anchor Investors in IPOs \u2013 Meaning, Role &amp; Benefits<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">2<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/ipo\/how-to-cancel-an-ipo-application\/\">How to Cancel an IPO Application?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">3<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/ipo\/difference-between-ipo-and-fpo\/\">Why Invest in anKey Difference Between IPO and FPOIPO and its Benefits?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">4<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/ipo\/what-is-ipo-cycle\/\">What is Face What is the IPO Cycle<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">5<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/ipo\/what-is-nii-in-ipo\/\">What is NII in IPO?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">6<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/what-is-an-ipo-mutual-fund-should-you-invest\/\">What Is An IPO Mutual Fund? Should You Invest?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">7<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/ipo\/benefits-of-investing-in-ipo\/\">Why Invest in an IPO and its Benefits?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">8<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/ipo\/ipo-application-eligibility-criteria\/\">IPO Application Eligibility Criteria<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">9<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/ipo\/what-is-ipo-allotment-process\/\">What is the IPO Allotment Process?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">10<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/ipo\/what-is-prospectus\/\">What is Prospectus?<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">Can I cancel my ASBA IPO application?<\/h3><p class=\"saswp-faq-answer-text\">Yes, you can cancel your ASBA IPO application until the issue is open or the IPO application window is open. Once the application window is closed, you cannot withdraw your application.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What is the meaning of a Self-Certified Syndicate Bank?<\/h3><p class=\"saswp-faq-answer-text\">Self-certified Syndicate banks are the banks that provide ASBA services to their customers.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Does applying through ASBA increase the chances of allotment of shares?<\/h3><p class=\"saswp-faq-answer-text\">No, applying through ASBA doesn\u2019t increase the chances of alloting shares; it only provides simplicity in the process of applying for an IPO and secures your fund.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Is it mandatory to apply for an IPO through ASBA only?<\/h3><p class=\"saswp-faq-answer-text\">Yes, as per the SEBI regulations issued in the year 2016, application in IPO is acceptable only through ASBA; no other method, such as payment through cheques, etc., is acceptable.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Can my ASBA application be rejected?<\/h3><p class=\"saswp-faq-answer-text\">Yes, your ASBA application might get rejected sometimes because of reasons like insufficient funds in your bank account, multiple applications by the same investor, incorrect information, etc.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>One way to get good returns on your investment is to invest in Initial Public Offerings (IPOs). However, the process of participating in an IPO needs to be straightforward, easy, and reliable. Previously, investors had to wait three months for their share allotment without earning any interest on the blocked amount.&nbsp; Luckily, this process became [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":13073,"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[183],"class_list":["post-13069","ipo","type-ipo","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"acf":{"freelancer":"Akash Gupta"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is ASBA: Meaning, Eligibility Criteria &amp; How to Apply?- Pocketful<\/title>\n<meta name=\"description\" content=\"Learn how ASBA simplifies IPO investments. Understand its benefits, eligibility, and step-by-step application process for online and offline methods.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASBA Meaning, Benefits, and Process\" \/>\n<meta property=\"og:description\" content=\"Learn how ASBA simplifies IPO investments. 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