Post issue advertisement obligations require public disclosure of allotment, subscription, refund and listing details across newspapers and exchange websites. Lead managers must publish a post issue advertisement within ten days of completion of the various activities disclosing subscription, basis of allotment, number, value and percentage of all applications including ASBA, details of successful allottees including ASBA, dates for dispatch of refund orders or registrar instructions to syndicate banks, date of credit of specified securities and date of filing of the listing application; identical details must be placed on stock exchange websites.
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Provisions expressly mentioned in the judgment/order text.
Post issue advertisement obligations require public disclosure of allotment, subscription, refund and listing details across newspapers and exchange websites.
Lead managers must publish a post issue advertisement within ten days of completion of the various activities disclosing subscription, basis of allotment, number, value and percentage of all applications including ASBA, details of successful allottees including ASBA, dates for dispatch of refund orders or registrar instructions to syndicate banks, date of credit of specified securities and date of filing of the listing application; identical details must be placed on stock exchange websites.
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