As per the new SEBI regulation all public offerings (IPOs) after January 1, 2016 need to be fulfilled through the ASBA (Application Supported Block Amount) route only. These changes have altered the existing seamless online bidding process. You can view information about Ongoing/Forthcoming IPOs in Power Indiabulls Trading Application.
How to apply for IPO through ASBA:
1. You can Download the "IPO Application Form" from the link https://www.nseindiaipo.com/issueforms/html/index.html
2. Fill the details like Name, PAN, DP Name, DP Id etc. in the IPO Application form, to get the shares in your demat account with us.
3. Contact your nearest Indiabulls Ventures Branch to submit the IPO Application form or you can get in touch with your Relationship Manager for further assistance.
What is ASBA?
ASBA means “Application Supported by Blocked Amount”. ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue. If an investor is applying through ASBA, his application money shall be debited from the bank account only if his/her application is selected for allotment after the basis of allotment is finalized, or the issue is withdrawn / failed.