Written by Upstox Desk
5 min read | Updated on July 31, 2025, 18:25 IST
What Is ASBA?
What Are the Benefits of ASBA?
What Are the Eligibility Criteria of ASBA?
What Is the Application Process of ASBA?
How to Avoid Rejection of IPO Application?
Final Word
Upstox is a leading Indian financial services company that offers online trading and investment services in stocks, commodities, currencies, mutual funds, and more. Founded in 2009 and headquartered in Mumbai, Upstox is backed by prominent investors including Ratan Tata, Tiger Global, and Kalaari Capital. It operates under RKSV Securities and is registered with SEBI, NSE, BSE, and other regulatory bodies, ensuring secure and compliant trading experiences.
ASBA is one of the primary reasons why IPO has gained popularity among retail investors. Through ASBA, your investment amount gets and stays locked in your bank account until you get an allotment. SEBI has made it mandatory to fill up an ASBA form if you wish to invest in IPO since 2016.
In this article, you will get to know what is ASBA and how you can invest in IPO via ASBA.
The ASBA full form is Application Supported by Blocked Amount. It is a highly convenient IPO application process. This application holds authorisation to block a certain amount in the bank amount of the applicant for subscription to an IPO issue. This blocked amount can only be utilised for IPO application purposes.
If you apply through ASBA, your money gets debited only if your application qualifies for the preferred allotment. Otherwise, the amount is unlocked and refunded to your bank account. However, the blocked amount continues to earn interest. If you are a non-retail investor, it is mandatory for you to apply through ASBA.
SEBI has mandated applying through ASBA for non-retail investors since 2016. However, many retail investors use this application process as well due to numerous benefits it holds. Here are the benefits of ASBA:
You have to satisfy the following eligibility criteria to be fit for ASBA application process:
You can apply through ASBA by availing either online or offline process.
Step 1: Log in to your Net banking account and click on ‘IPO Application’.
Step 2: Select the specific IPO you wish to invest in and choose up to 3 bids.
Step 3: Fill in the application form with the necessary details in the redirected IPO platform.
Step 4: Fill in details such as PAN number, bid price, bid quantity, and 16 digit DP number.
Step 5: Place and confirm your order.
After you submit your application successfully, you can check the status on NSE and BSE websites.
Step 1: Download the application form available from NSE and BSE websites.
Step 2: Fill out the details such as name, PAN details, bid price, bid quantity, Demat account number, bank account number and Indian Financial System Code (IFSC).
Step 3: Submit the duly filled application form at the Self-certified Syndicate Bank.
Step 4: Collect the receipt.
The bank will block the amount and upload the details on the bidding platform.
You can apply through UPI if you are a small investor with a bid up to ₹2 lakh. Following are the steps to apply for an IPO:
Step 1: Log in to the client’s portal of your broker’s website.
Step 2: Click on the IPO application button.
Step 3: Choose the IPO you want to bid for.
Step 4: Choose your preferred bid size and cut off price in the bidding window.
Step 5: Enter your UPI details.
Step 6: Accept the payment request in your UPI app to complete the payment.
Step 7: You will receive an email and SMS stating your application submission was successful.
Yes, you can cancel or withdraw your ASBA application. This option is only available till the time the issue is open for bidding. For example, if an IPO bidding window stays open for 5 days, you can withdraw your application anytime within these 5 days. After you withdraw the application, the bank unlocks the blocked fund the next day.
Here are the following tips you can use to ensure successful submission of your application:
ASBA IPO application process is simpler and safer than any other IPO application process. Now that you know what is ASBA and its application process, you can conveniently apply for an IPO of your choice.
About Author
Upstox Desk
Upstox Desk
Team of expert writers dedicated to providing insightful and comprehensive coverage on stock markets, economic trends, commodities, business developments, and personal finance. With a passion for delivering valuable information, the team strives to keep readers informed about the latest trends and developments in the financial world.
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