Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>SEBI mandates 90% subscription for issues, excluding specified securities; refunds due within 4 days if unmet.</h1> The Securities and Exchange Board of India (SEBI) regulations mandate that a minimum of ninety percent of the offer must be subscribed to in an issue, excluding offers for sale of specified securities. This requirement is subject to the allotment of a minimum number of securities as per the Securities Contracts (Regulation) Rules, 1957. If the minimum subscription is not met, all application monies must be refunded to applicants within four days of the issue's closure. This timeframe was updated from a previous period of fifteen days.
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