Allocation rules for public offers: syndicate and non-syndicate investor shares can increase issue size and require additional promoter contribution. SEBI allocation rules for offerings with Book Building distinguish reference bases: individual investors applying through syndicate members are allocated with reference to post-issue or proposed issue capital depending on offering type, while individual investors applying outside syndicate members are allocated with reference to the issue size offered to the public through the prospectus; promoters must top up contribution where non-syndicate allocations increase the issued capital to preserve their minimum post-issue holding, and institutional allocations are the residual after prescribed individual allocations.
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.
Allocation rules for public offers: syndicate and non-syndicate investor shares can increase issue size and require additional promoter contribution.
SEBI allocation rules for offerings with Book Building distinguish reference bases: individual investors applying through syndicate members are allocated with reference to post-issue or proposed issue capital depending on offering type, while individual investors applying outside syndicate members are allocated with reference to the issue size offered to the public through the prospectus; promoters must top up contribution where non-syndicate allocations increase the issued capital to preserve their minimum post-issue holding, and institutional allocations are the residual after prescribed individual allocations.
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