Streamlining the process of IPOs with UPI in ASBA and redressal of investor grievances

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.... Recognized Stock Exchanges Registered Registrars to an Issue and Share Transfer agents Bankers to an Issue (Self-Certified Syndicate Banks) Dear Sir / Madam, Sub: Streamlining the process of IPOs with UPI in ASBA and redressal of investor grievances 1. SEBI vide Circular No. SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16, 2021 (hereinafter referred to as "the circular"), wh....

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....ormat, the details of total number of shares applied/allotted/non-allotted etc shall be included in SMS for Public Issues opening on/after January 01, 2022. 3.2 Web Portal for CUG: For ease of doing business, Para 10 of "the circular" prescribed a web portal to be hosted by Sponsor Banks for closed user group (hereinafter referred to as "CUG") entities. In view of the representations rece....

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....mmediately to the CUG entities so as to facilitate the flow of information in the Public Issue process. 3.2.3 The Stock Exchanges and Lead Managers shall facilitate providing the requisite data of CUG entities to Sponsor Bank for the development of automated web portal. Such information shall be provided to the Sponsor Bank before opening of the Public Issue. 3.3 Completion of Un....

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....pt of the pending applications for unblock from the Sponsor Bank, the Registrar to the Issue shall submit the bank-wise pending UPI applications for unblock to the SCSBs, not later than 6:30 PM on BOA+1. 3.3.4 To ensure that the unblocking is completed on T+4, the Lead Managers, on a continuous basis and before the opening of the public issue shall take up the matter with the SCSB's at ap....