ASBA applications to be processed only after blocking of money in investor's bank accounts
![](https://m.economictimes.com/thumb/height-450,width-600,imgsize-6764,msid-91896673/asba-applications-to-be-processed-only-after-blocking-of-money-in-investors-bank-accounts-.jpg)
Synopsis
This will be applicable for all categories of investors -- retail, qualified institutional buyers, non-institutional investors and other reserved categories and also for all modes through which the applications are processed.
This will be applicable for all categories of investors -- retail, qualified institutional buyers, non-institutional investors and other reserved categories and also for all modes through which the applications are processed.
In December 2009, Sebi prescribed the facility of ASBA in public issues for all categories of investors except Qualified Institutional Buyers (QIBs) and in May 2010, the regulator extended the facility to QIBs.