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Government has directed all bank branches designated to process ASBA - Application Supported by Blocked Amount - applications to be kept open for public on May 8
The offer will close on May 9 and there will be bidding on May 7
SEBI has issued a circular recently to streamline the way shareholders can pay IPO processing fees through the UPI.
Get latest articles and stories on Latest News at LatestLY. Capital markets regulator Sebi on Wednesday streamlined the payment of processing fee through the Unified Payments Interface (UPI) system for shares applied for and allotted during an initial public offering (IPO). Latest News | IPOs: Sebi Streamlines Payment Process Via UPI.
Are you willing to invest in an initial public offering (IPO)? Here is good news for you. Investors will be allowed to apply in IPOs through Unified Payments Interface (UPI) mode for up to Rs 5 lakh per application. This is according to an announcement made by the Securities and Exchange Board of India (Sebi).