scorecardresearchSEBI mulls ASBA payment mode for secondary market too

SEBI mulls ASBA payment mode for secondary market too

Updated: 22 Sep 2022, 11:18 AM IST
TL;DR.
When retail investors bid for IPOs, the application money remains blocked in their own bank accounts. It is deducted when the shares are allotted. SEBI is considering a similar system for the secondary market.
SEBI chairperson Madhabi Puri Buch said the regulator was working on a system sans structural vulnerabilities.

SEBI chairperson Madhabi Puri Buch said the regulator was working on a system sans structural vulnerabilities.