In the methods that are available for applying for IPO of a company, one method is via Application supported by Blocked amount or popularly called as ASBA. The banks which provide this service is called as SCSB or self-certified Syndicate Banks.
The banks which are certified with SEBI, offering services in relation to ASBA known as ‘Self Certified Syndicate Banks or SCSB(s). They allow the retail individual investor to apply in IPO’s using ASBA payment method
