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What is the full form for of ASBA?

Asked on by | Votes 0 | Views: 30 | Tags: banking financial awareness     | awareness about securities market     | Add Bounty

What is the full form for of ASBA?
1). Applications Secured by Blocked Amount
2). Applications Supported by Blocked Amount
3). Applications Supported by Basic Amount
4). Applications Secured by Benchmark Amount


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3 vote
Answered by on | Votes 3 |
  • ASBA stands for Applications Supported by Blocked Amount.
  • It is a process developed by SEBI for applying to IPO.
  • In ASBA, an IPO applicant's account doesn't get debited until shares are allotted to them.

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