Public issue guidelines for InvITs: standardized merchant banker due diligence, defined filing, allocation, pricing disclosure and post issue reporting obligations. Guidelines govern public issues of InvIT units by prescribing appointment and responsibilities of merchant bankers, staged filing of draft, offer and final offer documents with defined timelines and due diligence certificates, and disclosure obligations. They set investor category allocations and anchor investor rules, require electronic book-building and ASBA participation, mandate pricing band disclosures and ban differential pricing, and establish operational safeguards including security deposit, underwriting norms, proportionate allotment, post-issue reporting and strict controls on public communications and advertising.
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Public issue guidelines for InvITs: standardized merchant banker due diligence, defined filing, allocation, pricing disclosure and post issue reporting obligations.
Guidelines govern public issues of InvIT units by prescribing appointment and responsibilities of merchant bankers, staged filing of draft, offer and final offer documents with defined timelines and due diligence certificates, and disclosure obligations. They set investor category allocations and anchor investor rules, require electronic book-building and ASBA participation, mandate pricing band disclosures and ban differential pricing, and establish operational safeguards including security deposit, underwriting norms, proportionate allotment, post-issue reporting and strict controls on public communications and advertising.
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