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You can also apply for ASBA IPO/FPO

through Star Connect ( Net Banking)

ASBA

Apply

online for

IPO

Application

Supported by

Blocked

Amount

(ASBA) refers to an application mechanism for subscribing to initial

public offers(IPO)

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• ASBA obviates writing out cheques

• There are no hassles in receiving back money if IPO is not allotted as has been observed in case of applying IPO by issuing cheque.

• There is no loss of interest because the amount remains in

the SB/CD a/c during the period of allotment of shares.• One can apply under Retail, High net worth Individuals or

corporate quota through ASBA IPO/FPO

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• The system, introduced by SEBI in 2008,ensures that the applicant’s money remainsin his/her bank account till the shares areallotted.

• Now it has been extended to corporateinvestors and HNIs as well (from January 1,2010, onwards).

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• For applying ASBA IPO /FPO you have choice of

1. Online application

2. Application in physical form for which you will have to go to specified branchto submit physical form to block the amount for shares being applied .

• Application can be filed online very conveniently by the customers having internetBanking with login and transaction passwords with least information like DP-ID,Client- ID, PAN No. and No. of shares to be applied.

• In addition to online facility for ASBA IPO application, Ourcustomers(applicants)can submit ASBA application in physical form for blockingthe amount to our designated branches shown on Bank’s website.

• Nodal branch details are available on Bank’s website . The phone of nodal officeris 022-2272 1785 and email stockexchange.mumbaisouth@bankofindia.com

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• Despite not being mandatory, it makes sense to opt for ASBAas it scores over the traditional mode of cheque payment inseveral areas. It enhances the transparency of the shareallotment process. Only that amount that is required to makeshare allotment is debited to the account after the bid isselected for allotment after the basis of allotment is finalized.

• No need to visit the branch for handing over form if theapplicant is having Internet Banking with login and transactionpasswords.

• Therefore, the applicant need not worry about the refund incase he/she is not allotted any share. Moreover, since themoney remains in the bank account, he/she does not lose outon the interest that can be earned during the period

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• Yes. During the bidding period, one can approach Bank’sbranch, to which he/she had submitted the application inphysical form and make a withdrawal request, post which,the bank will unblock the amount. IPOs applied online canbe withdrawn online during bidding period.

• After the bid closure period, applicants need to send theirwithdrawal requests to the Registrars in order to withdrawtheir bids.

• Subsequently, the Registrar will ask the SCSB concerned(our Bank) to unblock the application money in the bankaccount after the finalization of basis of allotment.

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Q. How to apply for IPO online through BOI website?

• The basic needs are to have SB/CD a/c with Bank , and Demat a/c ( withDP-ID and client ID),PAN No. Internet Banking with Login and transactionpassword

• visit Bank’s website www.bankofindia.com

• Go to Internet Banking

• Login to your Internet Banking

• Note down no. of units to be applied ,lot size, bid price ,DP ID,ClientID,PAN before feeding details in the system which will save your time.

• Click on Requests

• Click on ASBA IPO request and other menu as shown in slides

• Details for Online ASBA IPO are available on our website

• Screen shots for applying through internet banking are given in next fewslides

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10

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PAN

Bid price

within

Min and

Max

band

No. of Shares in

multiple of lot

size and Cap of

Amt. Rs 1 lac for

individual

Client & DP ID

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Amt

Blocked

and Bid

price will

be shown

before you

confirm for

blocking

amt. for

shares

applied

Fill user ID and transaction password to

confirm the transaction for blocking the

amount.

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