No money moves out of your bank account until the allotment. Investors continue to earn interest on the blocked amount (for interest-bearing accounts). No need to issue cheques or demand…

When an investor applies for an IPO using ASBA, the required amount is blocked in their bank account instead of being debited. If shares are allotted, the blocked amount is…

ASBA (Application Supported by Blocked Amount) is a payment mechanism for applying in IPOs, Rights Issues, and other public offers where the application amount remains blocked in the applicant’s bank…