ASBA definition

ASBA means the application (whether physical or electronic) used by an ASBA Bidder to make a Bid by authorising a Self-Certified Syndicate Banks (“SCSBs”) to block the Bid Amount in the ASBA Account and will include applications made by UPI Bidders, where the Bid Amount will be blocked upon acceptance of UPI Mandate Request by UPI Bidders.

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ASBA or “Application Supported by Blocked Amount” means an application, whether physical or electronic, by a Bidder (other than Anchor Investors) to make a Bid and authorising the relevant SCSB to block the Bid Amount in the relevant ASBA Account and will include amounts blocked by SCSBs upon acceptance of UPI Mandate Request made by the UPI Bidders;

ASBA means the Application (whether physical or electronic) used by Applicant(s) to make an application authorizing the SCSB to block the Application Money in a specified bank account maintained with the SCSB;

Examples of ASBA in a sentence

• The Registrar shall calculate selling commission based on valid ASBA Forms received from theMembers of the Syndicate and Sub-Syndicate Members.

• It shall not accept any Bids (other thanfrom Anchor Investors) that are not made through the ASBA process.

• All amounts due to the Managers and the Syndicate Members or their Affiliates under this Agreement or the Fee Letter shall be payable directly from the Public Offer Account after transfer of funds from the Escrow Accounts and the ASBA Accounts to the Public Offer Account and immediately on receipt of final listing and trading approvals from the Stock Exchanges as well as in Cash Escrow and Sponsor Bank Agreement to be entered into for this purpose.

• The amounts to be transferred from the ASBA Account to the Public Issue Account by the SCSBs (including the relevant UPI Bidder’s bank on raising of debit/collect request by the Sponsor Banks) represent Bids from ASBA Bidders and UPI Bidders, respectively that have received confirmed allocation in respect of the Equity Shares in the Issue.

• The Sponsor Banks shall not in any case whatsoever use any amounts blocked in the ASBA Accounts to satisfy this indemnity in any manner whatsoever.

More Definitions of ASBA

ASBA means AMRESCO SBA Holdings, Inc., a Delaware corporation, and its successors and assigns.

ASBA means the Association of Ship Brokers and Agents;

ASBA means Application Supported by Blocked Amount;

ASBA means an application, whether physical or electronic, used by ASBA Bidders, to make a Bid and authorizing the relevant SCSB to block the Bid Amount in the specified bank account maintained with such SCSB and will include amounts blocked by RIIs using the UPI mechanism;

ASBA or “Application Supported by Blocked Amount” shall mean an Application (whether physical or electronic) authorizing the SCSBs to block the application amount of a specified bank account maintained with the SCSB;

ASBA means the Association of Ship Brokers and Agents.

ASBA means the Arizona School Boards Association.