State the requirements under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 with respect to: (iv) Minimum application value

Minimum Application Value (Regulation 49) The issuer shall stipulate in the offer document, the minimum application size in terms of number of specified securities which shall fall within the range of the minimum application value of ten thousand rupees to fifteen thousand rupees. "Minimum application value" shall be with reference to the issue price of the specified securities and not with reference to the amount payable on application. Minimum sum payable on application shall be twenty five per cent of the issue price.