Seamlessly apply into an IPO through your Account with IDFC FIRST Bank

Yes, it is mandatory. A retail investor making application through ASBA

List of Self Certified Syndicate Banks (SCSBs) and their designed branches i.e. branches where ASBA application form can be submitted, is available on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com) and on the website of SEBI (www.sebi.gov.in). The list of SCSB would also be given in the ASBA application form.

No, ASBA can be submitted to the SCSB with which the investor is holding the bank account.

No, you can either fill up the physical ASBA form available with SCSB and submit the same to the SCSB or apply electronically/online through the internet banking facility for IPO.

Retail individual investors can withdraw ASBA bids. During the bidding period you can approach the same bank to which you had submitted the ASBA and request for withdrawal through a duly signed letter citing your application number, Application number, if any.

After the bid closure period, you may send withdrawal request to the Registrar to the issue before the finalization of basis of allotment, who will cancel the bid and instruct SCSB to unblock the application money in the bank account after the finalization of basis of allotment.

However, Non-retail investors i.e. Qualified Institutional Buyers and Non Institutional Investors are not eligible to withdraw their bids at any time.

No, the entire bank account will not be blocked. Only the amount to the extent of application money authorized in the ASBA will be blocked in the bank account. The balance money, if any, in the account can still be used for other purposes.

If the withdrawal is made during the bidding period, the SCSB deletes the bid and unblocks the application money in the bank account.

If the withdrawal is made after the bid closure date, the SCSB will unblock the application money only after getting appropriate instruction from the Registrar, which is after the finalization of basis of allotment in the issue.

No. It is not necessary to have a DP account with the SCSB, where you are submitting the ASBA.

Yes, you can submit ASBA with a registered broker of the stock exchange where the securities are proposed to be listed. However, the brokers would only upload the bid and other relevant details of such ASBA forms in the bidding platform provided by the stock exchanges and forward the ASBA forms to the respective SCSBs for blocking the funds for amount above 2L. Amount below 2L will be done through UPI 2.0 process.

Yes. The SCSB shall give a counterfoil as an acknowledgement at the time of submission of ASBA and also the order number, generated at the time of uploading the application details, if sought by the investors in case of need.

In case the issue fails/withdrawn the SCSB shall unblock the application money from the bank accounts upon receiving instructions from the Registrar.

Yes, this can be done provided that your bank has core banking facility and the ASBA form is submitted at a branch which is identified as designated branch by the bank.

The chance of getting allotment is same for all the applicants whether application is made through ASBA or non‐ASBA. ASBA is a simple, easy and smart way of applying in public issues. There are many advantages of applying through ASBA like money does not go out of investors’ account, no hassle of refund, investor keep earning interest on the blocked amount as banks have started paying interest on daily basis w.e.f. April 1, 2010 and it gives better opportunity for utilization of money

In case investor does not have an account with any of the SCSBs, then he cannot make use of the ASBA facility.

One applications can be made from a bank account per PAN.

You can click on the link below for complete details:
https://www.npci.org.in/what-we-do/upi/live-ipo

You may raise a complaint from the UPI App where you have placed the order or bring the issue to the knowledge of your bank through any other mode against the Unique Mandate Number for hold marked in bank account.

You can reach out to your branch or raise the issue using the link below:
https://www.idfcfirstbank.com/support/complaints

There are 3 investor categories available for bid:

Retail Individual Investor (RII) : Any individual/NRI/HUF application or bid for securities of or for a value of not more than 2,00,000/- and can apply at Cut off Value

Non Institutional Investor (NII):  Any high Net worth Individual with application or bid for securities for value more than 2,00,000/- and cannot apply at Cut off Value

Qualified Institutional Buyer (QIB) : Investor category as Mutual Funds, Public Financial Institutions, Foreign Portfolio Investors and Commercial bank

Yes, however the investor should note that:

A retail Individual Investor can revise the IPO application any time during the bidding period without any restriction. A Non Institutional Investor/ HNI can revise the IPO application only to upgrade the bid application. Downgrade from the existing Bid Application is not permitted to Non Institutional Investor/HNI category.

No, only clear balance available in bank account shall be considered for ASBA (IPO) application.