Differential pricing adjustment: permit eligible investors to pay net-of-discount at bidding stage, with disclosure and system safeguards. Investors eligible for differential pricing may remit the bid amount net of the discount at the time of bidding; merchant bankers must disclose this option and bid reporting requirements in the offer documents, discounts are preferably stated in absolute terms within regulatory limits, stock exchanges must equip bidding platforms to accept discounted net payments and enforce discount ineligibility where net payment exceeds the retail threshold, syndicate members and bank branches must enter the bid price as indicated, SCSBs must implement system changes, and investor category segregation shall be based on net payment after discount.
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Provisions expressly mentioned in the judgment/order text.
Differential pricing adjustment: permit eligible investors to pay net-of-discount at bidding stage, with disclosure and system safeguards.
Investors eligible for differential pricing may remit the bid amount net of the discount at the time of bidding; merchant bankers must disclose this option and bid reporting requirements in the offer documents, discounts are preferably stated in absolute terms within regulatory limits, stock exchanges must equip bidding platforms to accept discounted net payments and enforce discount ineligibility where net payment exceeds the retail threshold, syndicate members and bank branches must enter the bid price as indicated, SCSBs must implement system changes, and investor category segregation shall be based on net payment after discount.
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