ASBA (Application Supported by Blocked Amounts)

1. To discuss the idea behind introduction of ASBA
2. The benefits of ASBA, not just to the investors but also the issuers

PROGRAMME CONTENTS

SECTION I – Overview of the ASBA process

• Idea behind introduction of the ASBA
• The regulators’ point of view
• The experience so far – Phase I
• Phase II – implementation timeline, challenges and next steps

SECTION II – IPOs post ASBA

• Investment banker’s experiences with ASBA
• Benefits to various stakeholders – issuers, registrars, merchant bankers
• Impact on post issue timelines – medium to long term
• Key challenges and possible solutions – case study of NHPC
• Regulatory will and amendments required prior to and to operationalise Phase II and thereafter 

SECTION III– Processes relating to ASBA