Understanding ASBA Application Supported by Blocked Amount
ASBA, or Application Supported by Blocked Amount, is an essential financial instrument established by the Securities and Exchange Board of India (SEBI) to streamline the investment process for retail investors. It offers a secure method for individuals looking to participate in Initial Public Offerings (IPOs), rights issues, and follow-on public offers (FPOs). In this comprehensive article, we will delve into what ASBA is, how it works, its benefits, and its significance in the Indian capital market....