Minimum application size: issuer and lead merchant banker may fix lot within prescribed range, disclosure required. The issuer, in consultation with the lead merchant banker, may fix a minimum application or bid lot within a prescribed range so that the lot value meets the target minimum; illustrative tables demonstrate application amounts at given per-share prices for one or multiple lots. If a specific lot size is chosen, the offer document must disclose that applications may be made for that lot and in multiples thereof.
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.
Minimum application size: issuer and lead merchant banker may fix lot within prescribed range, disclosure required.
The issuer, in consultation with the lead merchant banker, may fix a minimum application or bid lot within a prescribed range so that the lot value meets the target minimum; illustrative tables demonstrate application amounts at given per-share prices for one or multiple lots. If a specific lot size is chosen, the offer document must disclose that applications may be made for that lot and in multiples thereof.
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