The ASBA (Application Supported by Blocked Amount) facility allows you to block the application money in your Kotak Savings Account for investing in any IPO/FPO/Bonds/Rights issue.
Invest in the Data Patterns Ltd. IPO through Kotak Bank ASBA
With ASBA, the money in your account does not get debited until the shares you have applied for are allotted to you. Also, you can earn interest on the blocked amount till the allotment of shares! Please refer to the Red Herring Prospectus of Data Patterns (India) Ltd. IPO for risk factors and further details
How to apply for an IPO
Log in to Kotak Mobile Banking App
Look for IPO (ASBA) in the investment tab
Apply for IPO
Data Patterns (India) Ltd. IPO details
Issue Period Tuesday, December 14, 2021, to Thursday, December 16, 2021
Price Band ₹555/- to ₹585/- per equity share
Issue Size ₹588.22/- Crs @ upper price band
Bid Lot 25 equity shares & in multiples of 25 equity shares thereafter
Why choose Kotak Bank’s ASBA facility:
No cheque/demand draft is required to pay for the application money
You get to apply through any Demat Account
Option to revise or withdraw the application (only for Retail Investors) till the closure of the issue. The facility was only available on Net/Branch Banking.