Minimum application value requirement revised, with proportionate allotment rules and mandatory face-value disclosure in offers. Amendments replace share-count tradable-lot rules with a prescribed minimum application value set by issuer and merchant banker within a specified range, require proportionate allotment rounded to the nearest integer subject to a minimum equal to the disclosed minimum application size, mandate disclosure of face value and issue-price multiples in offer materials, permit GSO across public issues with conditions on promoter/pre-issue shareholder lending, and allow shelf-prospectus tranche retention within disclosed limits provided tranche-level minimum and over-subscription retention are disclosed.
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Minimum application value requirement revised, with proportionate allotment rules and mandatory face-value disclosure in offers.
Amendments replace share-count tradable-lot rules with a prescribed minimum application value set by issuer and merchant banker within a specified range, require proportionate allotment rounded to the nearest integer subject to a minimum equal to the disclosed minimum application size, mandate disclosure of face value and issue-price multiples in offer materials, permit GSO across public issues with conditions on promoter/pre-issue shareholder lending, and allow shelf-prospectus tranche retention within disclosed limits provided tranche-level minimum and over-subscription retention are disclosed.
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