Question

Which of the following best describes the primary purpose of the ASBA process?

A To ensure equitable distribution of shares in oversubscribed IPOs.
B To streamline the process of applying for IPOs and other public issues.
C To minimize the risk of fraudulent applications in public issues.
D To facilitate immediate refund of application money in case of non-allotment.
E To enable investors to earn interest on their application money until allotment.
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