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of <h1>SEBI Regulation 91G: Restrictions on Institutional Placement Programmes, Allocation Rules & ASBA Facility for Bids</h1> Regulation 91G of the Securities and Exchange Board of India (SEBI) outlines restrictions for Institutional Placement Programmes. Promoters or their groups cannot buy or sell eligible securities within twelve weeks before or after the programme, except they may offer securities through the programme with a two-week gap between offers. At least 25% of securities must be allocated to mutual funds and insurance companies, with the remainder available to other institutional buyers if not fully subscribed. No allocation is allowed to promoters or related entities unless the buyer is a lender with no prior shareholding. Bids must use the ASBA facility and cannot be revised or withdrawn.
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