Question
ASBA is an important mechanism in the IPO process to
prevent refunding in case of unsuccessful allotment. What is the full form of ASBA?Solution
Applications Supported by Blocked Amount (ASBA) is a method developed by SEBI to block the funds for Initial Public Offer (IPO), Rights issue, Follow-on Public Offer (FPO) etc., applications. In ASBA, an IPO applicant's bank account doesn't get debited until they receive the allotment of shares
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I) PXM
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