What is the difference between the Non-ASBA IPO process and the ASBA process?
In the Non-ASBA IPO process, the bid amount(application money) is debited from the bank account once the bid application is successfully placed with ICICIDirect. Under the ASBA process, the amount is not debited from your bank account until successful allotment. Until such allotment, the amount will remain blocked in your bank account.
