Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>SEBI Regulation 136: Underwriting Rules for Further Public Offers in Book Building and Non-Book Building Processes</h1> Regulation 136 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, outlines the underwriting requirements for issuers making further public offers. For non-book building processes, issuers must enter into underwriting agreements with registered merchant bankers or stock brokers before filing the prospectus, specifying the number of securities to be subscribed at a predetermined price. In book building processes, the issue must be underwritten by lead managers and syndicate members, with at least 75% of the net offer to qualified institutional buyers not underwritten. The lead managers must fulfill underwriting obligations if syndicate members fail to do so.