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of <h1>Companies Use Green Shoe Option to Stabilize Share Prices Post-Listing; Limits Set at 15% Over-Allotment</h1> The Green Shoe Option (GSO) allows an issuer company making a public equity offer to stabilize post-listing share prices. The company must authorize potential further share allotment to a stabilizing agent (SA) during a general meeting. The SA, appointed from the issue management team, manages price stabilization and enters agreements with promoters or pre-issue shareholders to borrow shares, not exceeding 15% of the total issue size. The mechanism, lasting up to 30 days, involves a GSO Bank Account for funds and a GSO Demat Account for shares. The SA reports daily to stock exchanges and submits a final report to SEBI.
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