RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC. - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC. - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Minimum application size: issuer and lead merchant banker may fix lot within prescribed range, disclosure required. The issuer, in consultation with the lead merchant banker, may fix a minimum application or bid lot within a prescribed range so that the lot value meets ... Summary
Minimum application size: issuer and lead merchant banker may fix lot within prescribed range, disclosure required.
The issuer, in consultation with the lead merchant banker, may fix a minimum application or bid lot within a prescribed range so that the lot value meets the target minimum; illustrative tables demonstrate application amounts at given per-share prices for one or multiple lots. If a specific lot size is chosen, the offer document must disclose that applications may be made for that lot and in multiples thereof.
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