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TMI BlogStreamlining the Process of Public Issue of Equity Shares and convertibles- Implementation of Phase II of Unified Payments Interface with Application Supported by Block AmountX X X X Extracts X X X X X X X X Extracts X X X X ..... ublic Issue of Equity Shares and convertibles- Implementation of Phase II of Unified Payments Interface with Application Supported by Block Amount 1. This refers to SEBI circular No. SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 1, 2018 , vide which SEBI had introduced the use of Unified Payments Interface (UPI) as a payment mechanism with Application Supported by Block Amount (ASBA) for applications in public issues by retail individual investors through intermediaries (Syndicate members, Registered Stock Brokers, Registrar and Transfer agent and Depository Participants), with effect from January 1, 2019. Implementation of the same was to be carried out in a phased manner to ensure gradual transition to UPI with ASBA. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ebi.gov.in at the following path: Home Intermediaries/Market Infrastructure Institutions Recognised Intermediaries Self Certified Syndicate Banks eligible as Issuer Banks for UPI A list of SCSBs and mobile application, which, as on the date of this Circular, are live for applying in public issues using UPI mechanism is provided at Annexure A . The said list shall be updated on SEBI website. An investor shall ensure that when applying in IPO using UPI, the name of his Bank appears in the list of SCSBs displayed on the SEBI website which are live on UPI. Further, he/she shall also ensure that the name of the app and the UPI handle being used for making the application is also appearing in the aforesa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Circular dated November 1, 2018, and April 03, 2019 shall stand modified to the extent stated under this Circular. 12. This circular is being issued in exercise of the powers under section 11 read with section 11A of the Securities and Exchange Board of India Act, 1992. 13. This circular is available on SEBI website at www.sebi.gov.in under the categories Legal Framework and Issues and Listing . Yours faithfully, Narendra Rawat General Manager +91-22-26449383 [email protected] Annexure-A List of Self Certified Syndicate Banks on UPI 2.0* Sr. No. SCSBs li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... @upi 10 HDFC Bank Ltd. BHIM @upi HDFC BANK MOBILE BANKING APP-ANDROID ONLY @hdfcbank 11 HSBC Bank BHIM @upi 12 ICICI Bank Ltd BHIM @upi ICICI BANK MOBILE BANKING APP (iMobile)-ANDROID ONLY @icicibank 13 IDBI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... @upi 23 Rajkot Nagarik Sahakari Bank Ltd BHIM @upi 24 South Indian Bank BHIM @upi 25 State Bank of India BHIM @upi 26 SVC Co-operative Bank Ltd. BHIM @upi 27 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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