• Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos

CNBC TV18 Matrix SENSEX NIFTY

Sebi proposes alternative payment mode for share issue

Published on Wed, May 21 at 20:05 , Updated at Thu, May 22 at 10:55
Source : CNBC-TV18

Email    Print   

ads by google

The Securities and Exchange Board of India, or Sebi, has proposed an alternative payment mode for share issues, reports CNBC-TV18. The proposed ASBA, or Applications Supported by Blocked Amount, system will allow application money to stay in investors' accounts till finalization. Retail investors bidding at the cut-off price can apply through SCBs. Self certified syndicate banks would accept applications and block funds.

SCBs will unblock funds on finalisation of share allotment.

Messages on IPO, New Issues

Post a comment

Other comments

Subscribe to Nu Tek India IPO with medium term view:Keynote

Nu Tek India will open for subscription with its initial public offering (IPO) of 4.5 million equity shares of Rs 1...

in IPO, New Issues - MMB Messenger at 26-Jul-08 08:10

Issue of Austral coke

dont make remarks like surety in this odd mkt.. nthng is odd nd nthng like austral is favorable until it is a value...

in IPO, New Issues - ABHISHEKKOTHARI at 26-Jul-08 11:37

More on Messageboard »

Rate this article

Feedback

Chat

Ambareesh Baliga

, Karvy Stock Broking

(28 Jul- 16:00hrs)

What's the outlook for the market?  

More Business Talk »

Previous Chat Transcripts »

Poll

Do you think the RBI will raise rates & sound cautious in next week's Credit Policy?

Yes No

Newsletter

Keep in touch with News day & night. Subscribe to:

Mobile Services

Get SMS Alerts

  • CNBC TV18 Show Alerts
  • Stock Alerts
  • Breaking News Alerts

Want us to track your stocks 24x7?

Subscribe to our Stock Messaging System

Get news on the move SMS to 52622

  • SMS M for Market News
  • SMS B for Latest Business News
  • SMS S (stock name) for latest news