Regulation 59D - Interaction with qualified institutional buyers
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Chapter IIA INITIAL PUBLIC OFFER ON MAIN BOARD THROUGH PRE-FILING OF DRAFT OFFER DOCUMENT
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Interaction with qualified institutional buyers permitted pre-filing but limited to draft content and requires closure confirmation. An issuer may engage in limited interaction with qualified institutional buyers for marketing an intended main-board IPO from pre-filing of the draft ... Summary
Interaction with qualified institutional buyers permitted pre-filing but limited to draft content and requires closure confirmation.
An issuer may engage in limited interaction with qualified institutional buyers for marketing an intended main-board IPO from pre-filing of the draft offer document until the Board issues observations; interactions must be restricted to information in the pre-filed draft. If interactions occur, the issuer and lead manager(s) must prepare a list of participating qualified institutional buyers and submit to the Board a confirmation of closure of those interactions.
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