How do I choose ASBA payment option while applying for an IPO Stocks through ICICIDirect or other online trading portals?

Investors using ICICIDirect.com to invest in IPO's now have ASBA 'Applications Supported by Blocked Accounts' payment option available online. 20 Microns Limited is the first IPO offering by ICICI Direct with ASBA payment option. Issue is currently open and subscribed 0.21 times (0.1133 in Retail) on its 1st day. To choose ASBA payment option in ICICIDirect.com, please follow below steps: 1. Logon to ICICIDirect.com.2. Under ‘Trading' go to ‘IPO'.3. In ‘20 MICRONS LIMITED' IPO row, click on action ‘Go' button. 4. Make sure that ASBA check box is checked.5. Submit the bid. That's it. It's so easy and no need to worry about refunds cheques or direct deposits. Note: ICICIDirect customers do not need additional documents to use ASBA payment option. Updated on: Monday 08 September, 2008