Application Supported by Blocked Amount (ASBA)

With a large number of companies opting for public issues in the primary market to raise capital, you now have the option to pick and choose and be a part of their market growth. All you need are sufficient fund, a bank account and a Demat account, to get started with these public issues.

ASBA is an investor-friendly way to apply for these IPO/Rights Issue/NCD. The ASBA mechanism ensures that your funds leave your bank account only when you are allotted shares in the public issue.

Benefits of IPO/Rights application through ASBA

Earn interest on blocked funds
Instant fund release after allotment
Debit only for allotted shares
No additional charges.

Why ASBA?

No need to issue cheques - simply provide your bank account number and sign the application.
Funds remain in your account, earning interest until shares are allotted.
No refund hassles - your account is only debited for allotted shares.

How to Invest Through ASBA

Via SIB Mirror+/SIBerNet:

Visit Investment -> Apply for IPO/Rights Issue/NCD
Visit Services -> Add Investor details and Accept Terms & Conditions [One Time Registration]
Go to Available IPO/RIGHTS/NCD -> Select Issue Type (IPO/RIGHTS/NCD)
Select the respective Public Issue and click on Apply Button
Select Investor Details, Investor Category, Debit account number from drop down
Enter Bid quantity (Total number of shares required) & Bid price
Click on Proceed button
Cross check the details and click on confirm button
Enter the OTP received in the registered mobile number and click on Submit Button

A confirmation message with application number will auto populate. Application details and status can be viewed by visiting Track Request -> Applied IPO/RIGHTS/NCD tab.

Visit a Branch:
You can also apply for ASBA at your nearest South Indian Bank branch.

To find your nearest SIB branch, Click Here

For a detailed FAQ on ASBA, Click Here

For related details, Click here

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