Content
Introduction
The process of applying for IPOs has undergone a massive change. Earlier, investors had to visit the broker's office to collect the IPO application form. The form filling process was manual and took a lot of time. Moreover, they had to write a cheque and submit other documents with the application. And, inadvertent clerical mistakes could not be ruled out.
Fast forward to today, and you can experience a super-fast IPO application process, thanks to ASBA or Application Supported by Blocked Amount. Earlier, ASBA was optional for retail investors but became mandatory for all categories of public issue investors (including retail) from January 2016, as per SEBI guidelines. In this article, let’s look at a step by step process of applying for an IPO through ASBA and what are the benefits of applying through ASBA.
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Krishca Strapping Solutions Limited
sme- Date Range 23 Oct- 27 Oct’23
- Price 200
- IPO Size 23
