InvIT unit issuance requirements govern initial offers, private placements, public issue disclosures, allotment, refunds, and listing compliance.

Regulation 14 establishes conditions for InvIT unit issuance through initial offers, private placements and public issues. Initial offers require registration, prescribed minimum asset value and offer size, subject to conditional pre-allotment compliance supported by binding arrangements, declarations and disclosures. Private placements require a placement memorandum, eligible investor categories, investment and investor-number limits, and prescribed filings. Public issues require an initial public offer, prescribed offer-document filing, public comments, due diligence, allotment, refund, dematerialisation and pricing processes. Refund and interest obligations apply where subscription, allotment, listing or refund requirements are not met.

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