Amendments to the SEBI (Disclosure and Investor Protection) {DIP} Guidelines, 2000

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....elines"), modifying the provisions pertaining to the book building process.  2.0   The amendments are detailed in the Annexure  and are summarized as under: 2.1   Provision for specific allocation for mutual funds within the QIB category : 2.1.1 Presently, mutual funds registered with SEBI in terms of SEBI (Mutual Funds) Regulations, are not given any specific allocation within the QIB category in book-built issues. It has now been decided to provide 5% of the 50% or 60% {in case of issues in terms of Rule 19(2)(b) of SCRR} of net offer to public available for allocation to QIBs, for mutual funds. 2.1.2 Effectively, out of the portion available for allocation to QIBs, 5% will be available for alloca....

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....IB category. 3.0  Applicability 3.1  The amendments made vide this circular shall be applicable to the public issues (through book building mechanism), draft offer documents in respect of which are filed with SEBI on or after the date of this circular. 4.0  This circular along with the annexure is available in SEBI website at www.sebi.gov.in. Full text of SEBI (DIP) guidelines 2000 including the amendments issued vide this circular is also available in SEBI's web site under "Issues and Listing." Yours faithfully, Neelam Bhardwaj Encl.: a/a ANNEXURE AMENDMENTS TO THE SEBI (DISCLOSURE AND INVESTOR PROTECTION) GUIDELINES, 2000 CHAPTER I - PRELIMINARY 1.   Sub clause (xix)( a) of clause 1.2....

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....bsp;     In sub clause (i), in the first proviso, for the words and figures "50% of the issue size" the words and figures "50% of net offer to public" shall be substituted. b.      In sub-clause (ii), in the proviso, for the words and figures "50% of issue size" the words and figures "50% of the net offer to public" shall be substituted. c.      After sub clause (ii), the following sub clause shall be inserted, namely: (ii-a) Out of the portion available for allocation to qualified institutional buyers under sub clause (i) or (ii) or any proviso thereof, as the case may be, 5% shall be allocated proportionately to mutual funds. Mutual fund appli....

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....( QIB bidders other than MFs)  MF1-MF5 ( QIB bidders which are MFs)   C.    DETAILS OF ALLOTMENT TO QIB BIDDERS/APPLICANTS (No. of equity shares in crores) Type of QIB bidders     Shares bid for Allocation of 5 crore shares to MF proportionately (See Note 2) Allocation of balance 95 crore shares to QIBs proportionately(See Note  4) Aggregate allocation to MFs   (I) (II) (III) (IV) (V) A1 50 0 9.60 0 A2 20 0 3.84 0 A3 130 0 24.95 0 A4 50 0 9.60 0 A5 50 0 9.60 0 MF1 40 1 7.48 8.48 MF2 40 1 7.48 8.48 MF3 80 2 14.97 16.97 MF4 ....