Clarification Circular on Streamlining the Process of Public Issue of Equity Shares and Convertibles

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....red Depository Participants Registered Bankers to an Issue Dear Sir / Madam, Sub.: Clarification Circular on Streamlining the Process of Public Issue of Equity Shares and Convertibles 1. SEBI vide Circular no. CIR/CFD/POLICYCELL/11/2015 dated November 10, 2015, issued operational details to, inter-alia, reduce the time taken for listing after the closure of the issue to 6 working days and enha....

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....ceived by them on day-to-day basis during the bidding period to designated branches of the respective self certified syndicate banks (SCSBs) for blocking of funds. Such applications should be with value not more than ` 2 lakh and shall be forwarded along with the schedule specified in SEBI Circular dated November 10, 2015. 2.3. Stock exchanges may share the electronic bid file for applications wi....