Answered Sep 13, 2017. Yes, you may invest into an IPO through ASBA anytime, as long as it is between the opening time on the opening day & closing time on the closing day of the IPO duration. Further, I am sure you know that the funds to do not get debited from your account, only blocked. read more
If you are applying for the IPO using Internet Banking and ASBA online than you can definitely apply for IPO at any time during the application date window. Basically application for the IPO starts at 10 am on Day 1 and close at 4 pm on Day 3. read more
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. read more
The IPO received bids for 2,61,69,500 shares against the total issue size of 2,48,27,046 shares, as per data available with the stock exchanges till 2.45 pm. Brokerage houses are bullish on the public offer of the depository. read more
ASBA is a facility introduced by SEBI in 2008 for the purpose of Subscribing shares in an IPO. This was introduced to stop blocking of investor funds in the hands of Company if the shares were not allotted to the investor. read more
As We know Eris Lifesciences Ltd IPO subscription figures were also not good even if we consider closing. Most of the investors have got its shares. Eris Lifesciences Ltd IPO allotment price is Rs 603 per equity share and was over subscribed by 3.29 times. read more