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of <h1>Regulation 153 allows use of green shoe option for price stabilization in IPOs, with strict conditions and reporting.</h1> Regulation 153 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, allows issuers to implement a green shoe option to stabilize post-listing securities prices. Conditions include authorization by shareholders, appointment of a lead manager as a stabilizing agent, and agreements for borrowing securities for over-allotment, not exceeding 15% of the issue size. The stabilization period is capped at 30 days, during which a special account is used for transactions. Any leftover funds are transferred to the Investor Protection and Education Fund. The stabilizing agent must maintain detailed records and submit reports to the stock exchange and SEBI.
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