Display of bid data: mandatory public disclosure during book-building and simultaneous issuance of allotment communications for IDR issues. Regulation requires stock exchanges with online book-building to display bid data for IDR issues in the prescribed format from opening of bids until at least three days after bid closure; issuing companies must simultaneously dispatch letters of allotment to all allottees and, if letters of regret cannot be issued simultaneously, publish a media notice appearing the morning after allotment letters are dispatched.
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.
Display of bid data: mandatory public disclosure during book-building and simultaneous issuance of allotment communications for IDR issues.
Regulation requires stock exchanges with online book-building to display bid data for IDR issues in the prescribed format from opening of bids until at least three days after bid closure; issuing companies must simultaneously dispatch letters of allotment to all allottees and, if letters of regret cannot be issued simultaneously, publish a media notice appearing the morning after allotment letters are dispatched.
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