Eligibility for ASBA
Here are some of the essential requirements for eligibility for ASBA:
1. You should be a residential investor from India.
2. You must have a valid PAN number, as well as a Demat account and a trading account.
3. You must apply by blocking funds in your bank account with self-certified Syndicate Banks.
4. Your bank account should have sufficient funds.
5. You should bid at cut-off, with a single option of a number of shares to bid for.
6. You are not permitted to bid in any of the reserved categories.
7. You should have agreed to the terms of not modifying your bid.