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corporate actions · beginner

ASBA

ASBA lets IPO applicants block application money in a bank account until allotment is finalised.

ASBA stands for Applications Supported by Blocked Amount.

Funds stay in the investor account and are debited only for the allotted portion.

Unallotted amounts are unblocked after the allotment process completes.

Banks and self-certified syndicate banks support ASBA bids in Indian public issues.

Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.