Other than the Retail Individual investors ASBA will be extended to the following categories of investors:
- Retail Individual Investors (RII) - (Individuals applying up to Rs 2 lakh)
- NIIs (Non-Institution Investors) applying more Rs. 2 lakh) as well as individuals/HUFs, Trusts etc. applying for more than Rs.1 lakh) - IND
- Employees - EMP
- Shareholders – SHA
ASBA is not available to Qualified Institutional Investors online through internet banking
Price Bids and Multiple Bids to all categories of investors will be permitted i.e. instead of a single bid at cut-off the investors will have a facility to quote price bids not more than three under ASBA. In addition to the application cancellation (not more than Rs 2 Lakh) facility, the investors will now have the facility to revise or modify their bids (only upward modification if bid amount is more than Rs 2 Lakh). These facilities will be available to all categories of bidders including retail investors.
No document validating the category of investors is to be submitted with the SCSB.
Investors will be permitted to revise and withdraw their bids till bid closure time.
Under ASBA Mode from a single bank account for a particular IPO not more than 5 applications can be made.