ASBA is a mechanism for subscribing to applications in Initial Public Offerings (IPOs). ASBA stands for$?

Question

TuteeHUB · Accepted Answer

Application Submitted with Blocked Amount

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Application Supported by Blocked Amount

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Acquired Shares by Blocked Amount

TuteeHUB · Answer

Application Supported by Balance Amount

1.	ASBA is a mechanism for subscribing to applications in Initial Public Offerings (IPOs). ASBA stands for$?
A.	Application Supported by Blocked Amount
B.	Application Submitted with Blocked Amount
C.	Acquired Shares by Blocked Amount
D.	Application Supported by Balance Amount
Answer» B. Application Submitted with Blocked Amount

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