In IPO application, is third party ASBA allowed?

Yes, you can submit an IPO application using ASBA. Only a few banks, including SBI, offer third-party IPO applications.

This facility is not offered by private banks like ICICI and HDFC.

BSE Circular on 3rd Party IPO Application

1. Open BSE Notice No: 20190619-23
2. You can download Annexure I.pdf at the bottom.
3. Take a look at the line:

   
   'Note : Trading members with 3-In-1 accounts will be able to provide bank details for up to five banks'