https://www.taxtmi.com/acts?id=33448 Regulation 47 restricts applications in the net offer category so an applicant cannot apply for more specified securities than those offered to the public, and non-institutional investor applications are limited relative to allocations to qualified institutional buyers. Issuers must specify a minimum application size in number of securities with a corresponding minimum application value within a prescribed range, invite applications in multiples of that value, and require a prescribed minimum sum payable on application per security, with full payment mandated for offers for sale; the minimum application value refers to issue price, not the payable amount. en-us Fri, 21 Dec 2018 11:47:32 +0530 Fri, 09 Aug 2024 14:40:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33448 Regulation 47 restricts applications in the net offer category so an applicant cannot apply for more specified securities than those offered to the public, and non-institutional investor applications are limited relative to allocations to qualified institutional buyers. Issuers must specify a minimum application size in number of securities with a corresponding minimum application value within a prescribed range, invite applications in multiples of that value, and require a prescribed minimum sum payable on application per security, with full payment mandated for offers for sale; the minimum application value refers to issue price, not the payable amount. Act-Rules SEBI Fri, 21 Dec 2018 11:47:32 +0530 https://www.taxtmi.com/acts?id=33448