This document summarizes Application Supported by Blocked Account (ASBA), a process implemented in Nepal for applying to initial or further public offerings where an applicant's money is blocked in their bank account until shares are allotted. Key points:
- ASBA aims to simplify and shorten the IPO process by eliminating hassles for investors and reducing time between issue closing and listing.
- Under ASBA, an applicant's money remains in their blocked bank account until shares are allotted, at which point it is unblocked.
- Only current and savings accounts in positive balance are eligible for ASBA, which requires PAN, DEMAT details, and signature for application.
Capital Market is divided into two division; Primary Market and Secondary Market. Primary Market and its components are briefly described in this presentation.
Call Money
Notice Money
Definition of Call Money
Definition of Notice Money
FEATURES OF CALL MONEY
CALL MONEY MARKET
REASONS FOR EXISTENCE OF CALL MONEY
IMPACT OF CALL MONEY
Capital Market is divided into two division; Primary Market and Secondary Market. Primary Market and its components are briefly described in this presentation.
Call Money
Notice Money
Definition of Call Money
Definition of Notice Money
FEATURES OF CALL MONEY
CALL MONEY MARKET
REASONS FOR EXISTENCE OF CALL MONEY
IMPACT OF CALL MONEY
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This presentation covers Merchant Banking History; Categories; Services provided by them; Methods of placement; underwriting; Issue management & SEBI guidelines.
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venture capital, process of venture capital, stages of venture capital, stages and process of venture capital, early stage finance, later stage financing,
This presentation covers Merchant Banking History; Categories; Services provided by them; Methods of placement; underwriting; Issue management & SEBI guidelines.
This presentation include Introduction, Origin, Indian scenario, Definition, Growth, category ,Prospectus, Function, Quality Problem and Guideline for Merchant Banking.
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Indepth analysis of the BYD 2024
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2. Introduction
ASBA - Applications Supported by Blocked Amount
A process implemented by the Nepal's Stock Market
Regulator SEBON (Securities Board of Nepal) for applying
to IPO (Initial Public Offering) or the FPO (Further Public
Offerings) as well as Rights Issues.
In ASBA, an applicant's application money is block in their
bank account while subscribing to the issues until shares are
allotted to them.
3. The money is held by the issue manager until shares are
allotted to the applicants.
SEBON has introduce ASBA system in Magh 1st 2073.
ASBA System to was implemented from Forward
Community Microfinance doing its IPO under the system.
At First , 30 organization were given liscense of ASBA
System but not mandatory to use by applicants.
From Shrawan 2074, SEBON makes ASBA System
Mandatory
4. Objective
To eliminate hassles that investors face while filing
applications for share subscription as well as getting their
money back following the allotment.
The decision to implement the ASBA is a part of the
Sebon's initiative to modernize Nepal's capital and
secondary market.
Sebon officials contend that the implementation of the
ASBA will simplify and shorten the IPO and stocks issuance
process.
5. To reduce the time period between the issue clouser date
and listing of shares.
6. Benefits
It will reduce the time taken for processing IPO’s and
clearing or returning amounts collected during IPOs.
The transparency of share allotment will also be enhanced.
Customer availing interest rate in their eisting account will
benefitted by getting same interest until the final allotments
of shares.
This will address the artificial liquidity crisis due to IPO’s or
FPO’s fund.
7. Eligibility of Customer & Account
Only Normal Current Account and Savings Account are
eligible for ASBA.
Customers should have completed KYC and given necessary
details provided to the bank.
Customer account shall not be in Dormant/WAUN status.
Customer account is not in blocked condition by bank
compliance or any regulatory/ law enforcing agencies.
The account should be in positive balance.
Loan account or OD type of accounts are not eligible.
9. Process
It takes at least 70 days now for a company to complete its
IPO process, the allotment will be completed within 30 days
once the ASBA comes into implementation.
Once the allotment is completed by Issue Manager ,the issue
manager forwards the details of allotment to the bank.
Based on allotment, banks unblock the account of each
customer.
After the completion of process the company goes to
NEPSE for the listing of their shares .
Issue Manager self auto credit the shares of customer to
their demat acount.