does anyone have any idea about ASBA application?

Question

anonymous · Answer

Application Supported by Blocked Amount (ASBA) refers to an application mechanism for subscribing to initial public offers

anonymous · Answer

ASBA (Applications Supported by Blocked Amount) is a process developed by the India's Stock Market Regulator SEBI for applying to IPO. In ASBA, an IPO applicant's account doesn't get debited until shares are allotted to them.

08surya · Answer

i know what is this?i want to know how this application works...internal mechanism of software not bank system

anonymous · Answer

u did not mention in ur question that i thought u r asking about Bank system :)

08surya · Answer

ok next time ii will be more specific