What is the difference between the normal IPO process as is presently being offered by ICICIDirect and the ASBA process?
In the present IPO process, the bid amount is debited when your bid application is placed with the exchanges. Under the ASBA process, the amount will be debited from your bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in your bank account.
