ASBA definition

ASBA or “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;

ASBA means an application, whether physical or electronic, used by Bidders, other than Anchor Investors, to make a Bid and authorising an SCSB to block the Bid Amount in the specified bank account maintained with such SCSB and will include amounts blocked by RIIs using the UPI mechanism;

ASBA 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 relevant ASBA Account and will include the applications made by UPI Bidders using the UPI Mechanism where the Bid Amounts will be blocked upon acceptance of UPI Mandate Request by UPI Bidders using UPI Mechanism;

Examples of ASBA in a sentence

• On the Designated Date, the Escrow Collection Bank, the SCSBs (including the RIB’s bank on raising of debit/ collect request by the Sponsor Bank), on receipt of such details from the BRLM and the Registrar or the Sponsor Bank (in case of RIBs Bidding using the UPI mechanism), within Banking Hours, transfer the amounts lying to the credit of the Cash Escrow Accounts or blocked in the ASBA Accounts in relation to the successful Bids, to the Public Offer Account.

• In case of any delay in unblocking of amounts in the ASBA Accounts (including amounts blocked through the UPI Mechanism) exceeding 2 Working Days from the Bid/Offer Closing Date, the Bidder shall be compensated by the intermediary responsible for causing such delay in unblocking in accordance with Applicable Law.

• On the Designated Date, the Escrow Collection Bank, and the SCSBs shall, on receipt of such details from the BRLM and the Registrar, within Banking Hours, transfer the amounts lying to the credit of the Cash Escrow Accounts or blocked in the ASBA Accounts in relation to the successful Bids, to the Public Offer Account.

• The amounts to be transferred from the ASBA Account to the Public Offer Account by the SCSBs (including the relevant Retail Individual Bidder’s bank on raising of debit/collect request by the Sponsor Bank) represent Bids from ASBA Bidders that have received confirmed allocation in respect of the Equity Shares in the Offer.

• Axis Bank and the Registrar to the Offer shall extend all co-operation and support to the BRLM in identifying the Relevant Intermediary which is responsible for delay in unblocking of amounts in the ASBA Accounts exceeding 2 Working Days from the Bid/Offer Closing Date.

More Definitions of ASBA

ASBA means 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;

ASBA means AMRESCO SBA Holdings, Inc., a Delaware corporation, and its successors and assigns.

ASBA means Application Supported by Blocked Amount;

ASBA means the Association of Ship Brokers and Agents;

ASBA or “Application Supported by Blocked Amount” shall mean an application (whether physical or electronic) used by an Investor to make an application authorizing the SCSB to block the application amount in a specified bank account maintained with the SCSB;

ASBA means the Arizona School Boards Association.

ASBA means the Association of Ship Brokers and Agents.