Adjustment of differential pricing amount at the time of application for allotment of specified securities

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....Merchant Bankers To All Registered Registrars to an Issue To All Registered Bankers to an Issue Dear Sirs, Sub.: Adjustment of differential pricing amount at the time of application for allotment of specified securities This refers to the provisions of Regulation 29 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 which provide for offer of specified securiti....

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....hat appropriate disclosures are given in the offer document / application forms to the effect that investors eligible for discount can make payment after adjusting the discount, if any. It shall be disclosed that such investors shall in the relevant column indicate the bid price before adjusting for discount, if any. Further, it shall be clearly disclosed under what circumstances application would....

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....ice column. e. Segregation of Investor Categories (i.e. two lakh rupees for retail category), shall be based on the net payment amount(after adjusting for discount). f. SCSBs shall carry out the necessary system changes at their end, if any. 4. Merchant Bankers shall create awareness among the investors eligible for discount on account of differential pricing to make payment a....