Application Supported by Blocked Amount definition

Application Supported by Blocked Amount means an application, whether physical or electronic, by a Bidder (other than Anchor Investors) to make a Bid and authorising the relevant SCSB to block the Bid Amount in the relevant ASBA Account and will include amounts blocked by SCSBs upon acceptance of UPI Mandate Request made by the UPI Bidders;
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Application Supported by Blocked Amount or “ASBA” shall mean an application, whether physical or electronic, used by ASBA Bidders to make a Bid and authorizing an SCSB to block the Bid Amount in the relevant ASBA Account and will include applications made by UPI Bidders where the Bid Amount will be blocked upon acceptance of the UPI Mandate Request by UPI Bidders;
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Application Supported by Blocked Amount means an Application (whether physical or electronic) used by an Investor to make an Application authorizing the SCSBs to block the application amount of a specified bank account maintained with the SCSB;
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Examples of Application Supported by Blocked Amount in a sentence

  • Application Supported by Blocked Amount (ASBA) An application containing an authorization to block the application money in the bank account for subscribing to the NFO.

  • ASBA (Application Supported by Blocked Amount) the smart choice ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an equity issue.

  • ASBA (Application Supported by Blocked Amount) application forms are available with designated branches of the Self Certified Syndicate Bank (SCSB), stock brokers (syndicate members) or from the website(s) of Stock Exchange(s).

  • Securities and Exchange Board of India has streamlined the existing process of Initial Public offer of shares by companies and introduced a supplementary process called as Application Supported by Blocked Amount (ASBA).

  • The Application Form is also made available on the websites of the Stock Exchanges at least one day prior to the Issue Opening Date.Retail Individual Investors applying in public Issue may use either Application Supported by Blocked Amount (ASBA) facility and making application or also can use UPI as a payment mechanism with Application Supported by Blocked Amount for making application.


More Definitions of Application Supported by Blocked Amount

Application Supported by Blocked Amount. “ASBA” shall mean the application (whether physical or electronic) used by an Applicant to make an application authorising the SCSB to block the Application Money in the ASBA Account of the Applicant, maintained with the SCSB;
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Application Supported by Blocked Amount means an application for subscription to shares or bidding, where money is blocked in the applicant’s
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Application Supported by Blocked Amount. / “ASBA” shall mean the application (whether physical or electronic) used by an Applicant to make an application authorising the SCSB to block the Application Money in the specific ASBA Account of the Applicant, maintained with the SCSB;
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Application Supported by Blocked Amount. / “ASBA” shall mean Application (whether physical or electronic) used by Applicant(s) to make an application authorizing the SCSB to block the Application Money in a specified bank account maintained with the SCSB;
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Application Supported by Blocked Amount means an application, whether physical or electronic, used by ASBA Bidders to make a Bid and authorizing an SCSB to block the Bid Amount in the ASBA Account and will include applications made by UPI Bidders using the UPI Mechanism where the Bid Amount will be blocked upon acceptance of UPI Mandate Request by UPI Bidders using the UPI Mechanism. An application, whether physical or electronic, used by ASBA Bidders to make a Bid authorising the relevant SCSB to block the Bid Amount in the relevant ASBA Account and will include applications made by UPI Bidders using the UPI Mechanism where the Bid Amount will be blocked by SCSBs upon acceptance of UPI Mandate Request by UPI Bidders using the UPI Mechanism.
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Application Supported by Blocked Amount or “ASBA” means the application, whether physical or electronic, used by ASBA Bidders to make a Bid and authorize an SCSB to block the Bid Amount in the relevant ASBA Account and will include applications made by UPI Bidders using the UPI Mechanism where the Bid Amount will be blocked upon acceptance of UPI Mandate Request by UPI Bidders using the UPI Mechanism;
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Application Supported by Blocked Amount or “ASBA” shall mean an application, whether physical or electronic, used by ASBA Bidders to make a Bid and authorizing an SCSB to block the Bid Amount in the ASBA Account and will include applications made by RIBs using the UPI Mechanism where the Bid Amount will be blocked upon acceptance of UPI Mandate Request by RIBs using the UPI Mechanism;
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