Options outstanding at public issue: specific IPO disclosure and promoter contribution rules require enhanced EPS and sale intent reporting. Para 15 recorded omission of provisions dealing with options outstanding at public issue. Previously, outstanding employee options were not to bar an IPO and promoters' contribution was to be calculated on the enlarged capital assuming exercise of vested options. The prior text required IPO disclosure of the impact on profits and EPS under specified accounting, aggregate and specific intentions of option holders to sell within three months of listing, and year wise and cumulative details of options/shares issued in the last three years.
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Options outstanding at public issue: specific IPO disclosure and promoter contribution rules require enhanced EPS and sale intent reporting.
Para 15 recorded omission of provisions dealing with options outstanding at public issue. Previously, outstanding employee options were not to bar an IPO and promoters' contribution was to be calculated on the enlarged capital assuming exercise of vested options. The prior text required IPO disclosure of the impact on profits and EPS under specified accounting, aggregate and specific intentions of option holders to sell within three months of listing, and year wise and cumulative details of options/shares issued in the last three years.
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