ASBA (Applications Supported by Blocked Amount) is a process developed by the India`s Stock Market Regulator SEBI for applying to IPO. In ASBA, an IPO applicant`s account doesn`t get debited until shares are allotted to them. Earlier Qualified Institutional Buyers (QIBs) were not allowed to participate in IPOs through ASBA facility. Currently a......
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Anti Social Behaviour Act 2003