ASBA

IPO-APPLICATIONS SUPPORTED BY BLOCKED AMOUNT (ASBA)

SBI has brought a new hassle free solution for investment in IPO called e-Invest. Under
the instructions of SEBI, Bank has introduced this supplementary process for applying in
public issues. Unlike the current system of applying in IPOs using cheques, where your
funds are blocked unproductively as application money till the finalisation of the bid,
Under e-Invest your funds will continue earning interest during the application
processing period. Bank will mark a lien on the deposit account of the investor to the
extent of the application money. Lien will be removed immediately after finalization of
the basis of allotment. If bid is successful, lien will be removed and the shares allotted
will be transferred to the applicant’s Demat account. This facility is also available for
right issues.

An Investor can apply through ASBA, provided he/she:

• is from any of the approved category eligible to apply in IPO as per SEBI
guidelines.
• is maintaining a Savings Bank or Current Account with SBI.
• is having Demat account with any of the DP along with Permanent Account
Number (PAN).
• has sufficient clear balance in his/her Savings Bank or Current account (including
overdraft account) for application money.

o An Investor can also modify, revise or delete the bid within bidding period.
o An Investor can make 5 applications from a single deposit account.
o 1061 branches have been designated for this purpose.
o The product is also available to the users, of our “Internet Banking” with transaction
rights.
o Internet banking users should log on to www.onlinesbi.comand go to DEMAT/ASBA
option. He/She can apply electronically without need of physical application form.
He/She should have DP A/c with any service provider.

Capital Market Branch, Mumbai is Nodal Branch for e-Invest.

Nodal Officer
Name Ms VIDYA KRISHNAN

Designation ASSISTANT GENERAL MANAGER

STATE BANK OF INDIA

CAPITAL MARKET BRANCH
Address VIDEOCAN HERITAGE (KILLICK HOUSE), GROUND
FLOOR, CHARANJIT RAI MARG,
FORT, MUMBAI 400 001

Telephone 022-22094931

Fax 022-22094921
Email sbi.11777@sbi.co.in, nib.11777@sbi.co.in

SUREKHA SHINDE
Contact Person
DY. MANAGER

Contact No P:022- 22094927, 22094932

Fax 022-22094921

Email sbi.11777@sbi.co.in, nib.11777@sbi.co.in

View List of Designated Branches

Most Important Terms & Conditions

1. An investor should be from the approved category as per
SEBI guidelines.
2. An investor should maintain a Savings Bank or Current
Account with SBI.
3. An investor should have Demat account with any of the DP.
4. An investor should have Permanent Account Number
(PAN).
5. An investor should have sufficient clear balance in his/her
Savings Bank or Current account (including overdraft
account) for application money.