https://www.taxtmi.com/acts?id=35827 The Schedule sets a regulatory framework for book building: a single lead book runner (with co-runners/syndicate) must underwrite issues and disclose underwriting arrangements; issuers must contract with on-line stock exchange systems and appoint registered intermediaries as bidding centres. The red herring prospectus omits final price, with rules for floor price/price band disclosure and revision. Electronic linked bidding, uniform margin collection, ASBA procedures, public graphical bid displays, anchor investor allocation and lock-in, determination of final price by issuer with lead book runner, proportionate allotment rules, maintenance of books, and SEBI inspection rights are mandated. An alternate method for follow-on offers permits floor-price-based price-priority allocation to QIBs. en-us Tue, 29 Jan 2019 14:49:52 +0530 Wed, 18 Dec 2019 10:28:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35827 The Schedule sets a regulatory framework for book building: a single lead book runner (with co-runners/syndicate) must underwrite issues and disclose underwriting arrangements; issuers must contract with on-line stock exchange systems and appoint registered intermediaries as bidding centres. The red herring prospectus omits final price, with rules for floor price/price band disclosure and revision. Electronic linked bidding, uniform margin collection, ASBA procedures, public graphical bid displays, anchor investor allocation and lock-in, determination of final price by issuer with lead book runner, proportionate allotment rules, maintenance of books, and SEBI inspection rights are mandated. An alternate method for follow-on offers permits floor-price-based price-priority allocation to QIBs. Act-Rules SEBI Tue, 29 Jan 2019 14:49:52 +0530 https://www.taxtmi.com/acts?id=35827