POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONSSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONSSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Allotment procedure: mandatory minimum prospective allottees and proportionate allocation across investor categories, with rounding and oversight. Regulation 49 prohibits allotment under a public issue if prospective allottees are below a prescribed minimum, limits allotments in excess of the offer ... Summary
Allotment procedure: mandatory minimum prospective allottees and proportionate allocation across investor categories, with rounding and oversight.
Regulation 49 prohibits allotment under a public issue if prospective allottees are below a prescribed minimum, limits allotments in excess of the offer except for specified oversubscription rounding, and permits a limited additional allotment for minimum-lot completion. Allotments to applicants other than retail and anchor investors must be made on a proportionate basis within each investor category with rounding and a minimum equal to the disclosed application size; retail and non-institutional categories have category-specific minimum allotments and remaining shares are allotted proportionately. The designated stock exchange, lead managers and registrars must finalise the basis of allotment per Part A of Schedule XIV.
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