Institutional placement programme: new SEBI framework limiting allocation, eligibility, pricing and one year lock in on allotted securities. A new Chapter VIII-A creates an Institutional Placement Programme (IPP) permitting fresh issues or offers for sale by listed issuers or promoters to meet minimum public shareholding, limited to qualified institutional buyers. IPP requires a shareholder special resolution, merchant banker management with due diligence, in principle stock exchange approval, detailed offer document filings with SEBI/Registrar/stock exchanges, ASBA bidding, prescribed allocation methods and restrictions (including promoter exclusion and reserved allocation to mutual funds/insurance companies), oversight by the stock exchange, short subscription windows, and a one year lock in on allotted securities.