Processing of ASBA applications in Public Issue of Equity Shares and Convertibles

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....ed Stock Exchanges Depositories and Registered Depository Participants Registered Registrars to an Issue and Share Transfer agents Registered Stock Brokers Bankers to an Issue (Self-Certified Syndicate Banks - SCSBs) National Payments Corporation of India (NPCI) Dear Sir / Madam, Sub: Processing of ASBA applications in Public Issue of Equity Shares and Convertibles 1. SEBI ....

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....aries. 3. The processing of ASBA applications in the Public Issues by market intermediaries and SCSBs has been reviewed. As a part of the continuing efforts to further streamline the bidding process and to ensure the orderly development of securities market, a need has been felt to implement the ASBA process in line with the aforementioned circulars. 4. The ASBA applications in Public Issues....