Post issue advertisement requirements mandate timely public disclosure of subscription, allotment and operational completion details. The lead manager must ensure publication, within ten days of completion of relevant activities, of a post issue advertisement disclosing subscription and allotment particulars (including ASBA figures), number and percentage of successful allottees, dates for despatch of refunds or registry instructions, date of credit of securities and date of filing of the listing application, in specified English, Hindi and regional newspapers; identical details must also be posted on stock exchange websites.
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Provisions expressly mentioned in the judgment/order text.
Post issue advertisement requirements mandate timely public disclosure of subscription, allotment and operational completion details.
The lead manager must ensure publication, within ten days of completion of relevant activities, of a post issue advertisement disclosing subscription and allotment particulars (including ASBA figures), number and percentage of successful allottees, dates for despatch of refunds or registry instructions, date of credit of securities and date of filing of the listing application, in specified English, Hindi and regional newspapers; identical details must also be posted on stock exchange websites.
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