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HDFC Bank Leverages UPI for Secondary Market Transactions

HDFC Bank has successfully executed transactions using the NPCI's UPI payments app as part of the UPI for secondary market facility, which went live on January 1st. This move follows Sebi's approval for trading in the cash segment through block mechanism on an optional basis....

Sebi Proposes To Reduce IPO Listing Timeline To 3 Days From 6 Days

Capital markets regulator Sebi on Tuesday proposed to reduce the time taken for the listing of shares on stock exchanges after the closure of initial public offerings (IPOs) to three days from six days at present. The proposed reduction in timelines ...

SEBI Approves Collateral Facility Under ASBA For Brokers And Investors

In a press conference held on March 29, 2023, after the Securities and Exchange Board of India (SEBI)'s board meeting, the Chairperson Madhabi Puri Buch announced that SEBI has given its approval for the Application Supported By Blocked Amount (ASBA) facility ...

New IPO Application Process Via UPI: Know All About It

In the IPO application process that became obsolete from Monday i.e. July 29, 2019, you had to make an application for the public offer through the ASBA or application supported by blocked amount on offer by SCSBs or self certified syndicate ...

UPI Based ASBA Now A Mandate For Retail IPO Investors

For a seamless IPO application process, retail investors subscribing to an issue need to now follow the UPI based instant payment route. Also, on the sidelines, the developer of UPI, NPCI said the option will be made available from Monday i.e. ...

Second Phase Of UPI For Retail Investors To Kick Off From July 1

The second phase of UPI as another method for buying shares during the public issue will come into effect from July 1. And with as per the SEBI circular, the entire process that entails submission of bid cum application form with ...

What Does ASBA or Application Supported by Blocked Amount Mean for Investors?

ASBA or Application Supported by Blocked Amount actually pertains to those applying for shares in an Initial Public Offering or IPO. How ASBA Works? Application Supported by Blocked Amount ensures that an amount in the bank account is ...

Wonderla Holidays IPO issue opens today

Wonderla Holidays, one of the leading operator of amusement parks in the country, open its Initial Public Offer (IPO) issue for subscription today until April 23, 2014. Through the issue, the company will offer 1,45,00,000 equity shares with a face value ...

What is ASBA in Initial Public Offer or IPO?

IPOs or Initial Public Offers that gained momentum among retail investors in last few years has been largely driven by the simplicity introduced in the procedure to subscribe to IPOs. e-IPO subscription is one such facility that was introduced in ...

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