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Let your money stay in your account

Don’t worry about refund as the money remains in your account, and funds do not get transferred. The above service is being made available in accordance with the SEBI guidelines on ASBA (Applications Supported by Blocked Amount)

Get interest on funds

Which otherwise would have moved out of your account

Make payments without cheques or demand drafts

Write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment

Manage your funds easily

Convenient and transparent management of funds

Unblock funds instantly

Instant release/unblocking of funds after allotment/non-allotment of shares

Individual Investors

An investor can apply in IPO if he/she fulfils the following criteria

• Holds an account with any Self Certified Syndicate Member Bank
• Has a Demat account with any Depository Participant of either CDSL or NSDL.
• Has a PAN Card
• Price Bids and Multiple Bids to all categories of investors is permitted i.e. instead of a single bid at cut-off the investors will have a facility to quote price bids not more than three options under ASBA.
• In addition to the application cancellation facility, you will have the facility to revise or modify the bids till bid closure time. These facilities are available to all categories of bidders including retail investors.
• Under ASBA Mode from a single bank account for a particular IPO not more than 5 applications can be made.

• Visit any of the nearest designated Rajkot Nagarik Sahakari Bank branches for applying in an IPO through IPOSmart
• It is not essential to hold an account in the same branch; the account can be held with any branch.
• Details like Bank account number, PAN Number, Demat account particulars etc. need to be filled in the ASBA application form of the IPO and submitted to the branch.
• On submission of the form, an acknowledgment slip shall be handed over with a unique reference number. The slip needs to be retained for any future information or query.
• Subsequently, the bank will block the amount in the specified Bank account for the IPO as applied and send the application information to the designated stock exchanges for that IPO.
• Customer shall be responsible for maintaining sufficient funds equivalent to the IPO application amount in his/her account and for furnishing correct and accurate details in the ASBA application form of the IPO.
• In case of insufficient amount in the bank account or any discrepancy in the application form, the bank will have to reject the IPO application and will not be able to send the bidding to the stock exchange.

You can place a withdrawal request for the whole application or one of three bids anytime during the bidding period. Any request for bid withdrawal should be made during the banking hours and on or before 2 pm of the issue closure date and will be subject to acceptance of Stock Exchange after which the application amount in your account will be unblocked. Once withdrawn, the blocked amount will be available in 1 working day.

In case you have applied through any of our designated branches then, for revision/withdrawal of bids during the issue period, fill up a bid revision form and submit to the collecting branch for revising/withdrawing bids.

Only if the highest revised amount exceeds the previous lien marked amount, should extra lien be marked or else the lien amount remains unchanged even in case of single bid withdrawal.

List of Self certified Syndicate Banks

FAQ’s Regarding ASBA