![]() Has not renounced his / her entitlement in full or in part,.Holds shares in dematerialized form and has applied for entitlements and /or additional shares in the issues in the dematerialized form.ASBA facility is not available on any type of overdraft or loan accounts.ĪSBA facility in right issues will be available to all shareholders of the issuer company as on record date provided if he/she:.the application amount is blocked only against/ in the funded deposit account and that clear demarcated funds are available for ASBA applications. Has sufficient clear credit balance in his/her Savings Bank or Current account to block funds to the extent of application money.Has a Demat account with any of the Depository Participants (DPs) and also has a Permanent Account Number (PAN).Is from any of the approved categories eligible to apply in IPO as per SEBI guidelines. ![]() If bid is successful, the deposit account will be debited and the allotted shares will be transferred by the Company to the applicant’s Demat account.Īn Investor can apply through ASBA, provided he/she The lien will be removed immediately after finalization of the basis of allotment. Bank will mark a lien on the deposit account of the investor to the extent of the application money.
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