Non institutional investor allocation rules clarified; reserved sub categories, minimum allotment, pricing cap and valuation safeguards introduced. Amendments impose caps on proceeds used for general corporate purposes and unidentified acquisitions-35% generally and 25% where targets are not identified unless specific targets and disclosures exist; prescribe non institutional investor allocation in book building with one third reserved for smaller non institutional applications and two thirds for larger ones plus minimum allotment and proportionate allocation rules; require valuation by an independent registered valuer for preferential issues causing change in control or large post issue holdings, and mandate publication and director committee recommendation where control may change.