ILLUSTRATION EXPLAINING MINIMUM APPLICATION SIZE

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....ing 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 ₹ 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 12 - 16 equity shares (in value ter....

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.... 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) (Fourth Amendment) Regulations, 2012, w.e.f. 12.10.2012. Prior to substitution, Schedule XIV read as under: SCHEDULE XIV [See regulation ....