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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Regulation 45 Allows Issuers to Use Green Shoe Option for Price Stabilization, Requires Shareholder Approval & Detailed Reporting</h1> Regulation 45 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, allows issuers to use a green shoe option to stabilize post-listing prices of securities. This involves appointing a stabilizing agent, typically a merchant banker, to manage the process. The issuer must have shareholder authorization and agreements with promoters or pre-issue shareholders to borrow securities for over-allotment, not exceeding 15% of the issue size. The stabilization period is limited to 30 days, during which the stabilizing agent manages buying and selling activities. Detailed reporting and record-keeping requirements are mandated, and any remaining funds are directed to the Investor Protection and Education Fund.
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