Streamlining the Process of Public Issue of Equity Shares and convertibles- Implementation of Phase II of Unified Payments Interface with Application Supported by Block Amount

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..... y Block Amount 1. This refers to SEBI circular No. SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 1, 2018, vide which SEBI had introduced the use of Unified Payments Interface (UPI) as a payment mechanism with Application Supported by Block Amount (ASBA) for applications in public issues by retail individual investors through intermediaries (Syndicate members, Registered Stock Brokers, Registrar and Transfer agent and Depository Participants), with effect from January 1, 2019. Implementation of the same was to be carried out in a phased manner to ensure gradual transition to UPI with ASBA. 2. In order to ensure that the transition to UPI in ASBA is smooth for all the stakeholders, the timeline for implementation of Phase I of the aforesai .....

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..... or UPI A list of SCSBs and mobile application, which, as on the date of this Circular, are live for applying in public issues using UPI mechanism is provided at Annexure 'A'. The said list shall be updated on SEBI website. An investor shall ensure that when applying in IPO using UPI, the name of his Bank appears in the list of SCSBs displayed on the SEBI website which are live on UPI. Further, he/she shall also ensure that the name of the app and the UPI handle being used for making the application is also appearing in the aforesaid list. 6. An application made using incorrect UPI handle or using a bank account of an SCSBs or bank which is not mentioned in the aforesaid list is liable to be rejected. 7. Investors whose bank is not live .....

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..... a Act, 1992. 13. This circular is available on SEBI website at www.sebi.gov.in under the categories "Legal Framework" and "Issues and Listing". Yours faithfully, Narendra Rawat General Manager +91-22-26449383 [email protected] Annexure-A List of Self Certified Syndicate Banks on UPI 2.0* Sr. No. SCSBs live on UPI 2.0 Mobile Application to be used by investor UPI Handles active 1 Allahabad Bank BHIM @upi 2 Andhra Bank BHIM @upi 3 Axis Bank Ltd BHIM @upi 4 Bank of Baroda BHIM @upi 5 Bank of India BHIM @upi 6 Central Bank of India BHIM @upi 7 Corporation Bank BHIM @upi 8 DBS Bank India Limited BHIM @upi 9 GP Parsik Sahakari Bank Limited BHIM @upi 10 HDFC Bank L .....

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