https://www.taxtmi.com/acts?id=35719 Allotment price for preferential issues is set by VWAP-based floors: where shares are listed for twenty six weeks or more, the price must be at least the higher of the twenty six week weekly high low VWAP average or the two week weekly high low VWAP average; where listed for less than twenty six weeks, the price must be at least the higher of the IPO/scheme price, the listing period weekly high low VWAP average, or the two week weekly high low VWAP average; recomputation on completion of twenty six weeks may require allottees to pay any shortfall. Qualified institutional buyer allotments (up to five) use the two week VWAP weekly average. en-us Mon, 28 Jan 2019 12:08:35 +0530 Mon, 28 Jan 2019 12:08:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35719 Allotment price for preferential issues is set by VWAP-based floors: where shares are listed for twenty six weeks or more, the price must be at least the higher of the twenty six week weekly high low VWAP average or the two week weekly high low VWAP average; where listed for less than twenty six weeks, the price must be at least the higher of the IPO/scheme price, the listing period weekly high low VWAP average, or the two week weekly high low VWAP average; recomputation on completion of twenty six weeks may require allottees to pay any shortfall. Qualified institutional buyer allotments (up to five) use the two week VWAP weekly average. Act-Rules SEBI Mon, 28 Jan 2019 12:08:35 +0530 https://www.taxtmi.com/acts?id=35719