Sbbj asba ipo

I want to get the details of ASBA facility of State Bank Of Bikaner & Jaipur for Initial Public Offers IPO?

[sumit]

ASBA facility can be used for Initial and Follow-on Public Offers(IPO and FPO), Right Issues, and debt Issues.

Under ASBA, funds will continue to earn interest during the application processing period, if held in an interest bearing account.

An Investor can apply through ASBA, provided he/she:

Maintain a Savings Bank or Current Account with SBBJ.

Has Demat account with any of the DPs along with Permanent Account Number (PAN).

Is from any of the approved category eligible to apply in IPO as per SEBI guidelines

has sufficient clear credit balance in his/her Savings Bank or Current account for application money.

ASBA facility is not available on any type of overdraft or loan accounts

Equity:-

A Retial Individual Investor (Individual, HUF, Trust, Employee or shareholder who applies upto Rs.200,000/-) can also modify, revise or delete the bid within the bidding period.

Investors from all other category cannot withdraw / delete the application and can modify / revise the bid only for a higher amount.

Multiple application by a single investor are not allowed, however an investor can make 5 applications from a single deposit account in the name of different persons.


SBBJ ASBA facility





For more details here is the attachment

Contact-

State Bank of Bikaner and Jaipur,
Head Office, Tilak Marg,
Jaipur - 302005.
Phone: 0141- 5101570
Telefax: 0141- 2227165