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OpenStudy (08surya):
does anyone have any idea about ASBA application?
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OpenStudy (anonymous):
Application Supported by Blocked Amount (ASBA) refers to an application mechanism for subscribing to initial public offers
OpenStudy (anonymous):
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.
OpenStudy (08surya):
i know what is this?i want to know how this application works...internal mechanism of software not bank system
OpenStudy (anonymous):
u did not mention in ur question that i thought u r asking about Bank system :)
OpenStudy (08surya):
ok next time ii will be more specific
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