Standardized lot size for SME Exchange / Platform

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... amework for setting up of a stock exchange/trading platform by a recognized stock exchange having nationwide trading terminals for Small and Medium Enterprises (SMEs). 2. In this regard it has been decided to standardize the lot size for Initial Public Offer proposing to list on SME exchange/platform and for the secondary market trading on such exchange/platform, as given under: Price Band (in R .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... l be the same, as shall be the IPO Lot Size at the application/allotment stage, facilitating secondary market trading. 4. At the Initial Public Offering stage if the price band decided, falls within two different price bands than the minimum application lot size shall be decided based on the price band in which the higher price falls into. For example: if the proposed price band is at 24-28 than .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e paid up capital of the issuer does not go beyond ₹ 25 crore. 9. All the Stock Exchanges are advised to : i. make necessary amendments, if any, to the relevant bye laws, rules and regulations for the implementation of the above decision; ii. disseminate the same on their website for easy access to the issuers and other market participants; iii. communicate to SEBI, the status of impl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X