Reservation on a competitive basis

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..... tegories of persons: (a) employees; (b) shareholders (other than promoters and promoter group) of listed subsidiaries or listed promoter companies: Provided that the issuer shall not make any reservation for the lead manager(s), registrar, syndicate member(s), their promoters, directors and employees and for the group or associate companies (as defined under the Companies Act, 2013 ) of the lead m .....

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..... rupees, subject to the total allotment to an employee not exceeding five lakhs rupees. (b) reservation for shareholders shall not exceed ten per cent. of the issue size; (c) no further application for subscription in the net offer can be made by persons (except an employee and retail individual shareholder of the listed issuer and retail individual shareholders of listed subsidiaries of listed pr .....

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