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Asba

Bank of Baroda is introducing Application Supported by Blocked Amount (ASBA) as a new, investor-friendly way for investors to apply for IPOs without making an upfront payment. ASBA allows the application amount to be blocked in the investor's bank account, and only the allotted amount is deducted from the account if shares are allotted. All categories of investors except Qualified Institutional Buyers can apply for public issues using ASBA with certain terms and conditions. The key benefits to investors are that they can continue earning interest on the blocked amount and only have to pay for allotted shares rather than the full application amount.

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0% found this document useful (0 votes)
171 views6 pages

Asba

Bank of Baroda is introducing Application Supported by Blocked Amount (ASBA) as a new, investor-friendly way for investors to apply for IPOs without making an upfront payment. ASBA allows the application amount to be blocked in the investor's bank account, and only the allotted amount is deducted from the account if shares are allotted. All categories of investors except Qualified Institutional Buyers can apply for public issues using ASBA with certain terms and conditions. The key benefits to investors are that they can continue earning interest on the blocked amount and only have to pay for allotted shares rather than the full application amount.

Uploaded by

adityasinkar
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
Download as pdf or txt
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You are on page 1/ 6

ASBA (Applications Supported by Blocked Amount)

New Investor friendly way to apply for IPOs

Bank of Baroda is committed to continuously enhance its offerings with


innovative services leveraging advanced technology to provide maximum
banking convenience to its customers.

As a “Self Certified Syndicate Bank” (SCSB) by SEBI, an additional mode for


applying in IPO / FPO / Right Issues have been made available by our Bank in
the form of Application Supported by Blocked Amount (ASBA) to „All category of
Investors other than QIBs‟ who are the customers of our Bank.

What is ASBA:

 ASBA means “Application Supported by Blocked Amount”, enables


investors to apply for IPOs / FPOs and rights issues without making a
payment. Instead, the amount is blocked in investors‟ own account and
only an amount proportionate to the shares allotted goes out when
allotment is finalized.
 It is a supplementary process of applying in initial public offers (IPO), right
issues and follow on public offers (FPO) made through book building route
and co-exists with the current process of using cheque as a mode of
payment and submitting applications.
 Bank is providing this value added service free of costs for issues with
book building at BSE.

Eligibility of Investors:-

From 01st January, 2010

 All category of investors other than QIBs are eligible to apply for
public/rights issues using ASBA facility with certain terms and conditions

1. An application can have up to three bid options & it can be revised also.
The lien will be marked on the highest value of the three bids.
2. Bids at cut-off price allowed only if total application Amt is less than or
equal to Rs. 1,00,000 for investor category of Individual, Employee, Share
holders,
3. One account can be blocked for maximum five applications in an IPO.
4. Revision and cancellation of bids for retail individual investors are
permitted till the issue closure date and time. However for investors other
than Retail, the revision is not permitted on the last day beyond 4 P.M.
 Such investors are referred as “ASBA investors”, at the time of submitting
ASBA application the investors should take utmost care to provide the
correct-

 PAN
 DP ID
 Client ID
 Bid Quantity
 14 digits bank Account number

Benefits of ASBA to Investors:

 The investor need not pay the application money by cheque rather block
his/her bank account to the extent of the application money, thus continue
to earn interest on application money.
 The investor does not have to bother about refunds, as in ASBA only an
amount proportionate to the securities allotted is taken from the bank
account when his/her application is selected for allotment after the basis of
allotment is finalized.
 The application form is simpler.
 The investor deals with the known intermediary i.e. his/her own bank.

 ASBA process operates in accordance with the SEBI‟s guidelines in force


from time to time.

 Bank‟s 70 branches located at the strategic centres are currently identified in


the first phase to accept the ASBA Applications.

 Some more branches are being identified and shall be operational soon in the
second phase and later to be extended to all CBS branches.

Disclaimer:

Bank does not own any responsibility for error attributable to failure of Technology, Computer Systems and
consequences there of to the customer. Bank‟s liability as a consequence of human error attributable to
Bank‟s employees is limited to an amount equivalent to interest at rates applicable to savings Bank accounts
on the blocked amount. Bank is not liable for any thing more with respect to the transaction other than that
as expressly stated above.
BANK OF BARODA
IMPLEMENTATION OF ASBA PHASE- II
NODAL OFFICER:

NAME:- Sonu A. Arekar


Designation:- Senior Manager
Branch:- Mumbai Main Office
Address:- 10/12 Mumbai Samachar Marg, Fort, Mumbai- 23
Contact Number:- 022-40468314, 40468307, Fax- 022-22835236
E-mail Id:- [email protected]

Controlling Branch
Sl. City Branch Address Contact Contact Number Email id of the branch
No Person
1 MUMBAI Mumbai Main Mr. Sonu A. 40468314, asba.fortap@bankofbaroda.
Office Arekar 40468307, Fax- com
022-22835236
Designated Branches
Sl. Contact
City Branch Address Contact Number Email id of the branch
No Person
SANJAY PLACE, Branch 0562-2854219,
1 AGRA [email protected]
AGRA Head 2856685
AHMEDABAD,LAW Branch 079-26473111/
2 AHMEDABAD [email protected]
GARDEN Head 26473110;
BHADRA, Branch 079-25506043/
3 AHMEDABAD [email protected]
AHMEDABAD Head 25507252
ELLISBRIDGE, Branch
4 AHMEDABAD 079-26579839 [email protected]
AHMEDABAD Head
FATEHPURA, Branch 079-26602902/
5 AHMEDABAD [email protected]
AHMEDABAD Head 26603598
JAYANAGAR, Branch
6 BANGALORE 080-26630533 [email protected]
BANGALORE Head
K G ROAD, Branch 080-22268106/
7 BANGALORE [email protected]
BANGALORE Head 107
SIDDAIH ROAD, Branch
8 BANGALORE 080-22224325 [email protected]
BANGALORE Head
ALKAPURI, Branch
9 BARODA 0265-2344026 [email protected]
BARODA Head
MAIN BRANCH, Branch
10 BARODA 0265-2434001 [email protected]
BARODA Head
MAIN BRANCH, Branch
11 BHAVNAGAR 0278-2516615 [email protected]
BHAVNAGAR Head
SSI BRANCH, Branch
12 BHAVNAGAR 0278-2439541 [email protected]
BHAVNAGAR Head
HABIBGANJ, Branch
13 BHOPAL 0755-2550672 [email protected]
BHOPAL Head
MAIN BRANCH, Branch
14 BHUBANESWAR 0674-2597214 [email protected]
BHUBANESWAR Head
17-B, Branch
15 CHANDIGARH 0172-704583 [email protected]
CHANDIGARH Head
22-B, Branch
16 CHANDIGARH 0172-704583 [email protected]
CHANDIGARH Head
EC STREET, Branch
17 CHENNAI 044-25230355 [email protected]
CHENNAI Head
MYLAPORE, Branch
18 CHENNAI 044-24994946 [email protected]
CHENNAI Head
SIET COLLEGE, Branch 044- 23454304/
19 CHENNAI [email protected]
CHENNAI Head 23454305
MAIN BRANCH, Branch
20 COIMBATORE 0422-2301201 [email protected]
COIMBATORE Head
MAIN BRANCH, Branch
21 DEHRADUN 0135-2742083 [email protected]
DEHRADUN Head
MAIN BRANCH, Branch 0484-2373974/
22 ERNAKULAM [email protected]
ERNAKULAM Head 2351205
Branch
23 FARIDABAD SEC 5, FARIDABAD 0129-25415527 [email protected]
Head
MAIN BRANCH, Branch
24 GURGAON 0124-26320325 [email protected]
GURGAON Head
GEN-NET, Branch
25 HYDERABAD 040-23421647/48 [email protected]
HYDERABAD Head
JUBILEE HILLS, Branch
26 HYDERABAD 040- 23552938 [email protected]
HYDERABAD Head
KHAIRATABAD, Branch 040-23421614/
27 HYDERABAD [email protected]
HYDERABAD Head 15/ 17
Branch
28 INDORE AB ROAD, INDORE 0731-2542023 [email protected]
Head
SIYAGANJ, Branch
29 INDORE 0731-2369247 [email protected]
INDORE Head
JOHARI BAZAR, Branch
30 JAIPUR 0141-2564047 [email protected]
JAIPUR Head
Branch
31 JAIPUR M I ROAD, JAIPUR 0141-2377807 [email protected]
Head
NEHRU PLACE, Branch
32 JAIPUR 0141-2742883 [email protected]
JAIPUR Head
DIGVIJAY PLOT, Branch 0288-2676676/
33 JAMNAGAR [email protected]
JAMNAGAR Head M) 9724497808
PATEL COLONY, Branch
34 JAMNAGAR 0288-2676750 [email protected]
JAMNAGAR Head
SARDARPURA, Branch
35 JODHPUR 0291-2635642 [email protected]
JODHPUR Head
SOJATI GATE, Branch 0291-2636539/
36 JODHPUR [email protected]
JODHPUR Head 2622245
CIVIL LINES, Branch 0512-2304803/
37 KANPUR [email protected]
KANPUR Head 2330256
BALLYGUNJ, Branch
38 KOLKATA 033-24400126 [email protected]
KOLKATA Head
BRABOURNE Branch
39 KOLKATA 033-2218695 [email protected]
ROAD, KOLKATA Head
C R AVENUE, Branch
40 KOLKATA 033-22110265 [email protected]
KOLKATA Head
GIRISH PARK, Branch
41 KOLKATA 033-25309405 [email protected]
KOLKATA Head
HAZRATGANJ, Branch
42 LUCKNOW 0522-2616113 [email protected]
LUCKNOW Head
NISHATGANJ, Branch
43 LUCKNOW 0522-2384897 [email protected]
LUCKNOW Head
CLOCK TOWER, Branch
44 LUDHIANA 0161-2745630 [email protected]
LUDHIANA Head
BANDRA (WEST), Branch
45 MUMBAI 022-26426863 [email protected]
MUMBAI Head
FORT
Branch 022-22672372/
46 MUMBAI UNIVERSITY, [email protected]
Head 22670620
MUMBAI
GHATKOPAR Branch
47 MUMBAI 022-25006200 [email protected]
(WEST), MUMBAI Head
NARIMAN POINT, Branch 022-22843986/
48 MUMBAI [email protected]
MUMBAI Head 22823968
022-22044642/
Branch
49 MUMBAI PBB MUMBAI 22041745 (M) [email protected]
Head
9892546454
PFS, KANDIVALI Branch 022-28050600/
50 MUMBAI [email protected]
(W), MUMBAI Head 28077784
VASHI, NAVI Branch 022-27891233/
51 MUMBAI [email protected]
MUMBAI Head 1202
DHARAMPETH, Branch 0712-2521767/
52 NAGPUR [email protected]
NAGPUR Head 2532191
Branch
53 NASIK NASIK CITY, NASIK 0253-2598638 [email protected]
Head
ASHOK VIHAR, Branch
54 NEW DELHI 011-27442000 [email protected]
NEW DELHI Head
NEHRU PLACE, Branch
55 NEW DELHI 011-26419290 [email protected]
NEW DELHI Head
011-23321849,
PARLIAMENT
Branch 23752846
56 NEW DELHI STREET, NEW [email protected]
Head 23325557 M-
DELHI
9811568588
MAIN BRANCH, Branch 0612-2222105/
57 PATNA [email protected]
PATNA Head 2225284
KARVE ROAD, Branch 020-25435326,
58 PUNE [email protected]
PUNE Head 25436948
PUNE CAMP, Branch 020-26130147/
59 PUNE [email protected]
PUNE Head 2613041
KALAWAD ROAD, Branch
60 RAJKOT 0281-2433650 [email protected]
RAJKOT Head
MG ROAD, Branch
61 RAJKOT 0281-2227816 [email protected]
RAJKOT Head
MAIN BRANCH, Branch
62 RANCHI 0651-2311021 [email protected]
RANCHI Head
0261-2669565-
ATHWALINES, Branch
63 SURAT 2660138, (M) [email protected]
SURAT Head
9879553224
CITY LIGHT, Branch
64 SURAT 0261-2257522 [email protected]
SURAT Head
NAVYUG Branch
65 SURAT 0261-2787306 [email protected]
COLLEGE, SURAT Head
MAIN BRANCH, Branch
66 SURENDRANAGAR 02752-231454 [email protected]
SURENDRANAGAR Head
MAIN BRANCH, Branch
67 UADIPUR 0294-2420671 [email protected]
UDAIPUR Head
SAYAJIGANJ, Branch 0265-2363227/
68 VADODARA [email protected]
VADODARA Head 2362536
GURUDHAM
Branch
69 VARANASI COLONY, 0542-2313780 [email protected]
Head
VARANASI
Branch
70 VIJAYAWADA VIJAYAWADA 0866-2574296/95 [email protected]
Head

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