This is in continuation of the Exchange Circular No. 20220722-30 dated July 22, 2022 regarding processing of ASBA applications in public issue of equity shares and convertibles and 20230810-31 dated August 10, 2023 regarding Reduction of Timeline for Listing of Shares in Public Issue from existing T+6 days to T+3 days.
Self-Certified Syndicate Banks (SCSBs) are requested to note that SEBI vide its circular no. SEBI/HO/CFD/TPD1/CIR/P/2023/140 dated August 09, 2023 (Annexure I) has inter alia informed as under:
For Direct Bank ASBA and Syndicate ASBA applications, prior to blocking of ASBA application monies in the bank account of the applicant, the SCSBs shall ensure the following:
(i) The PAN mentioned in the application matches with the PAN linked to the bank account of the applicant maintained with the bank. A confirmation on the above shall be submitted by SCSBs to the Registrar to an Issue along with the Final Certificate.
(ii) The PAN linked to the bank account of the applicant shall be part of the bidding data on the Stock Exchange platform.
In view of the above, the Exchange has made following changes on the iBBS platform (internet-based book building software of BSE) for SCSBs:
1.Bank Account Number field shall be mandatory
2.Bank Account Number Length has been increased from 16 characters to 45 characters
No ASBA Bid shall be uploaded by SCSBs on the Exchange platform without valid Bank Account Number.
The revised file format pursuant to above changes is attached herewith as Annexure II.
The mock session shall be available for SCSBs from Monday September 18, 2023, to Monday October 13, 2023, on UAT Server to familiarize the above changes.
The Issue Parameter for MOCK Session/ Testing is attached herewith for information as Annexure III.
SCSBs are requested to note that Bank Account Number with increase field length shall be mandatory on live server for all initial public issue(s) opening on and after 16th October, 2023
There is no change in upload of bids on iBBS platform for Trading Members, Syndicate Members, Registrar and Transfer Agent and Depository Participants.
SCSBs are requested to participate in mock session.
IBBS UAT Server Accessibility
For resetting of the password of the IBBS Module, please contact Trading Operations on the following:
Mock Trading Session Feedback
To be able to provide a robust & efficient system with better features, feedbacks from intermediaries are very important. We request all intermediaries to give their feedback of the mock session to ibbs ops/ listing sales teams on the email ids provided below:
Sandeep Pujari Mangesh Tayde
DGM- Trading Operations DGM- Listing Sales & CRD |