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of <h1>New Rules for Offer for Sale: Retail Investors Can Bid at Cut-Off Price with Floor Price Announcements and Margin Requirements.</h1> The circular outlines modifications to the Offer for Sale (OFS) mechanism to facilitate retail investor participation. Sellers can now allow retail investors to bid at a cut-off price. Conditions include mandatory floor price announcements by 5 pm on T-1 day, no indicative price for retail OFS, and margin requirements at floor price for cut-off bids. Retail allocations depend on the non-retail category's cut-off price, with potential discounts for retail investors. Unsubscribed retail portions may be reallocated to non-retail categories. Stock exchanges must implement these changes and amend relevant regulations. The circular aims to protect investor interests and regulate the securities market.
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