36. (1) An issuer may make follow-on public offer through the fast track route, if the issuer satisfies the following conditions: (a) equity shares of the issuer have been listed on a recognised stock exchange for a period of at least eighteen months; (b) issuer has complied with all the regulatory requirements specified by the Authority and the recognised stock exchange(s) in the preceding three years; (c) no show-cause notice has been issued and pending against t... ... ...

35. (1) The issuer shall file an application with a recognised stock exchange seeking in-principle approval for listing of specified securities: Provided that where the application is made to more than one recognised stock exchange, the issuer shall choose one of them as the designated stock exchange. (2) The recognised stock exchange shall grant an in-principle approval or reject the application within fifteen days from the date of receipt of complete application from the issuer. =... ... ...

34. The issuer shall appoint lead manager(s) to the issue and other intermediaries in consultation with the lead manager(s). =============... ... ...

33. (1) In case of an offer for sale, the specified securities must have been held by the existing holders for a period of at least one year prior to the date of filing of the draft offer document: Provided that in case equity shares received on conversion are being offered for sale, the holding period of convertible securities or depository receipts, as the case may be, and the holding period of resultant equity shares together shall be considered for the purpose of calculation of the pe... ... ...

PART B: FOLLOW-ON PUBLIC OFFER 32. A Listed Entity may make a follow-on public offer of specified securities in the manner provided in these regulations. =============... ... ...

31. Any person connected with the issue shall not offer or receive any incentive, whether direct or indirect, in any manner, whether in cash or kind or services or otherwise to or from any person for making an application in the public offer, except for fees or commission for services rendered in relation to the issue. =============... ... ...

30. (1) The lead manager(s) shall prepare a schedule, listing the activity-wise allocation of responsibilities relating to the issue, the name of the lead manager(s) responsible for each set of activities or sub-activities, and disclose the same in the offer document. (2) A lead manager shall be designated for coordinating with the Authority and shall be responsible for ensuring that all intermediaries fulfil their obligations and functions as specified in their agreements with the issuer... ... ...

29. (1) The pre-issue shareholding of promoters and controlling shareholders of the issuer shall be locked-up for a period of one hundred and eighty days from the date of allotment in the initial public offer: Provided that the lockup provisions shall not apply with respect to the specified securities lent to stabilising agent for the purpose of green shoe option, during the period starting from the date of lending of such specified securities and ending on the date on which they are retu... ... ...

28. (1) An issuer may provide a green shoe option for stabilising the post listing price of its specified securities, subject to the following conditions: (a) the draft offer document contains all material disclosures about the green shoe option; (b) the issuer has appointed an investment banker or a broker dealer registered with the Authority as a stabilising agent, who shall be responsible for the price stabilisation process; (c) the maximum number of specified s... ... ...

27. The issuer, through the lead manager(s), shall file a post-issue report with the recognised stock exchange(s) giving details including relating to number, value and percentage of all applications received, allotments made, basis of allotment, subscription, details of credit of specified securities, details relating to payments and refunds, and the date of filing of listing application, within ten working days from the date of closing of the issue. =============... ... ...

26. The issuer shall list its specified securities on the recognised stock exchange(s) within such period, as specified by the recognised stock exchange(s): Provided that in case the issuer has made a simultaneous offer in any other jurisdiction, the specified securities shall be listed on the same date. =============... ... ...

25. (1) to investors shall be on proportionate basis or discretionary basis as decided by the issuer in consultation with the lead manager(s) and disclosed in the offer document. (2) The issuer and lead manager(s) shall ensure that the specified securities are allotted and the payments and refunds are completed within five working days from the date of closing of the issue. =============... ... ...

New Delhi, Sep 22 (PTI) Stock market regulator Sebi on Tuesday settled adjudication proceedings against five Adani group companies over alleged violations related to the disclosure of related-party transactions, with the firms collectively paying Rs 1.50 crore as the settlement amount. The proceedings stemmed from Sebi's examination into allegations and corporate governance issues highlighted in the Hindenburg report, including possible violations of the listing regulations and erstwhile lis... ... ...

24. (1) The issuer may choose to appoint a credit rating agency registered with the Authority or a globally recognised credit rating agency which is registered with a regulator in India or a regulator in a Foreign Jurisdiction, as a monitoring agency for monitoring the use of proceeds of the issue. (2) Where a monitoring agency has been appointed, the issuer shall, within forty five days from the end of each quarter, publicly disseminate the report of the monitoring agency by uploading th... ... ...

23. A public issue of specified securities may be underwritten by an underwriter and in such a case, adequate disclosures regarding underwriting arrangements shall be disclosed in the offer document. =============... ... ...

22. The issuer may offer a portion of the issue size for subscription by an anchor investor, by providing relevant disclosures in the offer document such as details of anchor investor, proposed maximum limit of allotment to anchor investor, lockup (if any), pricing etc. =============... ... ...

21. An offer shall be considered successful only if the minimum subscription as disclosed in the offer document is received: Provided that the concept of minimum subscription shall apply only to fresh issue of specified securities and not for the Offer for Sale component of the public offer. =============... ... ...

20. (1) Where the issuer is a company incorporated in India, including in an IFSC, such issuer shall comply with the minimum offer and allotment to public and minimum public shareholding norms prescribed under the Securities Contracts (Regulation) Rules, 1957. (2) Where the issuer is a company incorporated outside India, the minimum offer and allotment to public shall be at least ten per cent. of the post issue capital and such issuer shall also maintain the minimum public shareholding of... ... ...

19. The initial public offer shall be kept open for at least one working day and not more than ten working days: Provided that in case the issuer has made a simultaneous offer in any other jurisdiction, the offer period may be for same period as applicable in the other jurisdiction. =============... ... ...

18. The issuer shall determine pricing, in consultation with the lead manager(s), either through fixed price or book building process and shall suitably disclose the same in the offer document: Provided that in case of listing of equity shares by a public Indian company, the issuer shall also comply with the requirements prescribed under schedule XI of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019. =============... ... ...