TaxTMI 
TaxTMI 
Review of provisions pertaining to Electronic Book Provider (EBP) platform to increase its efficacy and utility
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....istrars to an Issue and Share Transfer Agents and Bankers to an Issue, Stock Brokers, Depository Participants, and other relevant market participants Madam/ Sir, Subject: Review of provisions pertaining to Electronic Book Provider (EBP) platform to increase its efficacy and utility 1. In order to increase the efficacy and utility of the EBP platform and have a review of various feedback received on the primary issuance of various securities on a private placement basis, SEBI had set up a working group. It may be mentioned that the Master circular no. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024 in its Chapter VI - "Electronic Book Provider platform", Chapter VII - "Standardization of timelines for listing of securities issued on a ....
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....or CDs, and issuers constituted as REITs, SM REITs and InvITs may also access the EBP platform for private placement of units of REITs, SM REITs and InvITs. 4. Issuers of debt securities, NCRPS and municipal debt securities on private placement basis of issue size less than Rs. 20 crore may also choose to access the EBP platform for such issuances. 5.2. The Issuer shall provide the Placement Memorandum and term sheet (i.e. summary of important terms and conditions related to an issue) to the EBP at least two working days prior to the issue opening date. However, the issuer issuing the securities for the first time through EBP platform shall provide the above information at least three working days prior to the issue to the opening date.....
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.... by T-1 day. Amount not confirmed by any such investor shall be added back to the base issue size. 12.2. EBPs shall ensure that following details regarding the issuance is updated on its website by end of T-day for issues closing upto 1 p.m. on T-day and by 1 p.m. on T+1 day for the remaining issues. Bidding date / Date of Issuance Issuer Name ISIN Issue Description Type of Issuance (Type of Placement) Allotment date Face Value (in Rs. Lakhs) Credit Rating Type of Book Bidding Price (in Rs.) Spread (bps) Yield (%) Manner of allotment Manner of settlement Link of GID/PPM Link of KID/Term sheet Base Issue Size (in Rs. Crs) Green Shoe Option (in Rs. Crs) Amount raised (in Rs. Cr ) ....
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....visions of this circular shall be made applicable from the date of this circular except for below mentioned clauses which shall be made applicable as per timelines mentioned below. Clause No. Effective date Clauses 5.2, 8.1.2, 8.1.4, 8.1.5 and 12.2 of Chapter VI of the Master circular and Clause 3 of Chapter VII of the Master circular 3 months from the date of this circular Clauses 3 and 7.11.3 of Chapter VI of the Master circular 6 months from the date of this circular Other provisions in Chapter VI and Chapter VII of the Master circular dated May 22, 2024 shall remain unchanged. 6. The Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with....