Issue allocation rules: priority for qualified institutional buyers, reserved retail portion, proportionate allotment and application cap. Regulation 192 requires that a majority portion of an IDR public issue be allotted to qualified institutional buyers on a proportionate basis; the remaining portion may be allocated among non institutional and retail individual investors (including employees) at the issuer's discretion with disclosure in the offer document and proportionate allotment within categories. A minimum availability is reserved for retail individual investors with permitted spill over in case of under subscription, and no person may apply in the net offer category for more IDRs than the total offered to the public.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Issue allocation rules: priority for qualified institutional buyers, reserved retail portion, proportionate allotment and application cap.
Regulation 192 requires that a majority portion of an IDR public issue be allotted to qualified institutional buyers on a proportionate basis; the remaining portion may be allocated among non institutional and retail individual investors (including employees) at the issuer's discretion with disclosure in the offer document and proportionate allotment within categories. A minimum availability is reserved for retail individual investors with permitted spill over in case of under subscription, and no person may apply in the net offer category for more IDRs than the total offered to the public.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
