ILLUSTRATION EXPLAINING MINIMUM APPLICATION SIZE

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....INIMUM APPLICATION SIZE For inviting applications in multiples of the minimum value as referred to in sub-regulation (2) of regulation 49, the procedure is clarified by following example: Assuming an issue is being made at a price of Rs. 900 per equity share. In this case, the issuer in consultation with the lead merchant banker can determine the minimum application lot within the range of 1....

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....e the issuer in consultation with the lead merchant banker decides to fix the minimum application / bid size as 14 (Option III), necessary disclosures to the effect that the applicant can make an application for 14 shares and in multiples thereof shall be made in the offer document.]   ********* 1 Substituted for Schedule XIV by SEBI (Issue of Capital and Disclosure Requirements) (Fo....

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....res Application / Bid amount for 1 lots 5070 5469 5850 6240 6630 Application / Bid amount for 2 lots 10140 10920 11700 12480 13260 Application / Bid amount for 4 lots 20280 21840 23400 24960 26520 Application / Bid amount for 8 lots 40560 43680 46800 49920 --- Application / Bid amount for 9 lots 45630 49140 --- ....