Qualified Institutions Placement pricing floor ensures issuances to QIBs meet specified market based minimum price and disclosure controls. Qualified Institutions Placement permits listed issuers to issue specified securities to QIBs only, subject to listing history and public shareholding compliance; promoters and related persons are excluded. Issues must meet a pricing floor based on the average weekly high low closing prices over the two weeks preceding the relevant date; convertible securities shall be fully paid at allotment and convertible within sixty months. Placements require a serially numbered placement document with prescribed disclosures, merchant banker due diligence and filing obligations, limits on number of allottees and aggregate placements, and a one year transfer restriction except on recognised exchanges.