Minimum application size requires issuers and merchant bankers to fix and disclose a lot size in the offer document. Issuer, in consultation with the merchant banker, must fix a minimum application lot size within the prescribed range and disclose in the offer document ... Summary
Minimum application size requires issuers and merchant bankers to fix and disclose a lot size in the offer document.
Issuer, in consultation with the merchant banker, must fix a minimum application lot size within the prescribed range and disclose in the offer document that applicants may apply for that lot and in multiples thereof; illustrative table shows alternative lot-size options and corresponding application amounts as non-exhaustive examples.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.