“Application Supported by Blocked Amount” (ASBA) process

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....12 Email: [email protected] SEBI/CFD/DIL/MB/IS/5/2009/05/08 August 5, 2009 To All Registered Merchant Bankers Dear Sirs, Sub: "Application Supported by Blocked Amount" (ASBA) process 1. SEBI had introduced the process of ASBA vide its circular dated July 30, 2008 and made it applicable to all book built public issues opening on or after September 1, 2008. 2. SEBI held a m....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ether uploaded by Syndicate Members (Non-ASBA) or by SCSBs (ASBA), shall be treated on par and the commission shall be paid accordingly to Syndicate Members or SCSBs, as the case may be. 4. All registered merchant bankers are advised to take note of the above and ensure compliance. The provisions of this circular are applicable with immediate effect. This circular is also available on SEBI webs....