Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Part V MINIMUM OFFER TO PUBLIC, RESERVATIONS, ETC.
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Subscription period for public issues: minimum three working days, maximum ten, extended after price band revision. The regulation requires public issues to remain open for a minimum of three working days and a maximum of ten working days. If a price band in a book building public issue is revised, the bidding period disclosed in the red herring prospectus must be extended to at least three working days, while ensuring the total bidding period does not exceed ten working days.
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.
Subscription period for public issues: minimum three working days, maximum ten, extended after price band revision.
The regulation requires public issues to remain open for a minimum of three working days and a maximum of ten working days. If a price band in a book building public issue is revised, the bidding period disclosed in the red herring prospectus must be extended to at least three working days, while ensuring the total bidding period does not exceed ten working days.
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