ASBA Apply online for IPO. You can also apply for ASBA IPO/FPO through Star Connect ( Net Banking)

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1 ASBA Apply online for IPO You can also apply for ASBA IPO/FPO through Star Connect ( Net Banking) 1

2 Application Supported by Blocked Amount (ASBA) refers to an application mechanism for subscribing to initial public offers(ipo) 2

3 ASBA obviates writing out cheques There are no hassles in receiving back money if IPO is not allotted as has been observed in case of applying IPO by issuing cheque. There is no loss of interest because the amount remains in the SB/CD a/c during the period of allotment of shares. One can apply under Retail, High net worth Individuals or corporate quota through ASBA IPO/FPO 3

4 The system, introduced by SEBI in 2008,ensures that the applicant s money remains in his/her bank account till the shares are allotted. Now it has been extended to corporate investors and HNIs as well (from January 1, 2010, onwards). 4

5 For applying ASBA IPO /FPO you have choice of 1. Online application 2. Application in physical form for which you will have to go to specified branch to submit physical form to block the amount for shares being applied. Application can be filed online very conveniently by the customers having internet Banking with login and transaction passwords with least information like DP-ID, Client- ID, PAN No. and No. of shares to be applied. In addition to online facility for ASBA IPO application, Our customers(applicants)can submit ASBA application in physical form for blocking the amount to our designated branches shown on Bank s website. Nodal branch details are available on Bank s website. The phone of nodal officer is and stockexchange.mumbaisouth@bankofindia.com 5

6 Despite not being mandatory, it makes sense to opt for ASBA as it scores over the traditional mode of cheque payment in several areas. It enhances the transparency of the share allotment process. Only that amount that is required to make share allotment is debited to the account after the bid is selected for allotment after the basis of allotment is finalized. No need to visit the branch for handing over form if the applicant is having Internet Banking with login and transaction passwords. Therefore, the applicant need not worry about the refund in case he/she is not allotted any share. Moreover, since the money remains in the bank account, he/she does not lose out on the interest that can be earned during the period 6

7 Yes. During the bidding period, one can approach Bank s branch, to which he/she had submitted the application in physical form and make a withdrawal request, post which, the bank will unblock the amount. IPOs applied online can be withdrawn online during bidding period. After the bid closure period, applicants need to send their withdrawal requests to the Registrars in order to withdraw their bids. Subsequently, the Registrar will ask the SCSB concerned (our Bank) to unblock the application money in the bank account after the finalization of basis of allotment. 7

8 Q. How to apply for IPO online through BOI website? The basic needs are to have SB/CD a/c with Bank, and Demat a/c ( with DP-ID and client ID),PAN No. Internet Banking with Login and transaction password visit Bank s website Go to Internet Banking Login to your Internet Banking Note down no. of units to be applied,lot size, bid price,dp ID,Client ID,PAN before feeding details in the system which will save your time. Click on Requests Click on ASBA IPO request and other menu as shown in slides Details for Online ASBA IPO are available on our website Screen shots for applying through internet banking are given in next few slides 8

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12 No. of Shares in multiple of lot size and Cap of Amt. Rs 1 lac for individual PAN Bid price within Min and Max band Client & DP ID 12

13 Amt Blocked and Bid price will be shown before you confirm for blocking amt. for shares applied Fill user ID and transaction password to confirm the transaction for blocking the amount. 13

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