What are the amended allocation criterion in the non-institutional investors category, if an issue is made through book-building process?

CS Executive · Securities Laws and Capital Markets · PYQS · December 2022
What are the amended allocation criterion in the non-institutional investors category, if an issue is made through book-building process?

Answer & Explanation:

According to Regulation 32(3A) and 129(3A) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, in an issue made through the book-building process, the allocation in the non-institutional investors' category shall be as follows: One-third of the portion available to non-institutional investors shall be reserved for applicants with application size of more than ₹2 lakh and up to ₹10 lakh. Two-third of the portion available to non-institutional investors shall be reserved for applicants with application size of more than ₹10 lakh. Provided that the unsubscribed portion in either of the sub-categories specified above, may be allocated to applicants in the other sub-category of non-institutional investors.

Topics: Public Issues

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic