Applications Supported by Blocked Amount (ASBA) facility in public issues

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..... n public issues 1. On review of progress of ASBA facility and with a view to enhance the role of ASBA in public issues, it has been decided that syndicate / sub-syndicate members may procure ASBA forms from the investors and submit it to Self Certified Syndicate Banks (SCSBs). 2. Syndicate / sub-syndicate members would be required to upload the bid and other relevant details of such ASBA forms i .....

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..... hall be paid to them. 4. Merchant Bankers shall ensure that an appropriate disclosure is made in the offer document specifying the range of fee that SCSBs would be entitled to for processing such ASBA forms procured by syndicate members/ sub-syndicate members and submitted to SCSBs. 5. The above would require some modification in existing processes and systems which shall be communicated in due .....

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