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<h1>SEBI Requires Merchant Bankers to Maintain Demand Book and Records for Small and Medium REITs Book Building Process</h1> The Securities and Exchange Board of India (SEBI) mandates that merchant bankers involved in the book building process for Small and Medium Real Estate Investment Trusts (REITs) maintain a final book of demand reflecting the allocation results. Additionally, both the merchant bankers and associated intermediaries are required to keep comprehensive records of the book building process. SEBI reserves the right to inspect these records, and all parties involved must fully cooperate with such inspections. These provisions were introduced through a notification dated March 8, 2024.