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of <h1>SEBI Regulation 268: Allotment Rules for Public Issues Require Minimum 200 Allottees and Proportional Distribution for Oversubscription.</h1> Regulation 268 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 outlines the allotment procedure for public issues. An issuer must have at least 200 allottees in an initial public offer. Allotments cannot exceed the offered securities unless rounding off is necessary due to oversubscription, with a maximum of 10% of the net offer available for minimum lot allotment. Securities for non-institutional investors must meet the minimum application size, with excess shares allotted proportionately. The stock exchange, lead managers, and registrars ensure a fair allotment process. Allotments exceeding two lakh rupees are restricted, except for employees.
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