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

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.... of 100% book building for companies desirous of coming out with a public issue. Accordingly, the amendments that have been made in the Guidelines are enclosed herewith. These amendments shall come into force for the issues opening on or after December 01, 2001. Yours faithfully, R.M. JOSHI Executive Director AMENDMENTS TO PART B OF CHAPTER XI OF THE SEBI (DIP) GUIDELINES, 2000 1. Title of Part B - "100% Book Building Process" shall be substituted by the words "Offer to Public through Book Building Process" 2. Clause 11.3 shall be substituted by the following: "An issuer company may, subject to the requirements specified in this chapter, make an issue of securities to the public through a prospectus in t....

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.... be accepted by the syndicate members from any category of investors." F. After the existing sub clause (xx), a new sub clause (xx)(a) shall be inserted as under : - "The online, real time graphical display of demand and bid prices at the bidding terminals, shall be made. The book running lead manager shall ensure the availability of adequate infrastructure for data entry of the bids on a real time basis." 1. In Clause 11.3.3- A Sub clause (i) shall be substituted as under "In case the issuer company is making an issue of securities - a. under sub clause(a) of clause 11.3, 100% of the net offer to the public; b. under sub clause (b) of clause 11.3, the book built portion - 75% of the net offer to the public, ....

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....public shall be available for allocation to non institutional investors i.e. investors applying for more than 1000 securities; c. not more than 60% of the net offer to the public shall be available for allocation to Qualified Institutional Buyers. ( ii ) In case an issuer company makes an issue of 75% of the net offer to public through book building process and 25% at the price determined through book building - a. in the book built portion, not less than 15% of the net offer to the public, shall be available for allocation to non institutional investors and not more than 60% of the net offer to the public shall be available for allocation to Qualified Institutional Buyers. b. the balance 25% of the net offer to the public, offered ....