By now we all know ASBA’s full form and what is ASBA when talking about IPO Applications is. The next question that arises commonly among investors is that is it possible to cancel IPO applications through ASBA. Also, many investors end up confused about whether they can withdraw or modify their ASBA Bids. The following article will talk about these things for the assistance of investors so that next time they apply for an IPO, they don’t find themselves lost.
Read MoreFor the past few years, SEBI, i.e., Securities and Exchange Board of India, introduced a system that enabled investors to sidestep intermediaries such as stockbrokers when applying for IPOs, right issues, and mutual fund New Fund Offers (NFOs). For the convenience of the investors, the ASBA facility was introduced. When talking about the IPO applications, SEBI has enabled the investors to make payments through ASBA, an alternate route to apply for the public equity shares. We all, by now know,
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