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TMI Blog(Securities and Exchange Board of India) (Issue of Capital And Disclosure Requirements) (Second Amendment) Regulations, 2014X X X X Extracts X X X X X X X X Extracts X X X X ..... ements) Regulations, 2009, namely:- 1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2014. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, - (i) in regulation 26, sub-regulation (6),- A. in clause (b) of second proviso, the symbol "." shall be substituted with symbol ";"; B. after clause (b) of second proviso, a new clause shall be inserted, namely:- "(c) if the specified securities offered for sale were issued under a bonus issue on securities held for a period of at least ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mber of shares." (v) in regulation 76,- A. in the title of the regulation, the words and symbol" - Frequently traded shares" shall be inserted after the words "Pricing of equity shares" ; B. the words "closing prices" wherever occurring, shall be substituted with the words "volume weighted average price". (vi) after regulation 76, the following regulations shall be inserted, namely:- "Pricing of equity shares - Infrequently traded shares. 76A. Where the shares are not frequently traded, the price determined by the issuer shall take into account valuation parameters including book value, comparable trading multiples, and such other parameters as are customary for valuation of shares of such companies: Provided that the issuer shall su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ticulars Issue details 1 Issue size 200 crore equity shares 2 Portion available to QIBs* 100 crore equity shares 3 Anchor Investor Portion 60 crore equity shares Of which a. Reservation to MF (1/3rd) 20 crore equity shares b. Balance for all QIBs including MFs 40 crore equity shares 4 Portion available to QIBs* other than anchor investors [(2) - (3)] 40 crore equity shares Of which a. Reservation to MF (5%) 2 crore equity shares b. Balance for all QIBs including MFs 38 crore equity shares 5 No. of QIB applicants 10 6 No. of shares applied for 500 crore equity shares * Where 50% of the issue size is required to be allotted to QIBs. (2) Details of QIB Bids • S. No. • Type of QIB bidders • N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... applicants who applied for 500 crore shares (including 5 MF applicants who applied for 200 crore shares). (4) The figures at Col. No. IV are arrived as under : a. For QIBs other than mutual funds (A1 to A5) = No. of shares bid for (i.e Col II) X 38 / 498 b. For mutual funds (MF1 to MF5) = {(No. of shares bid for (i.e Col. II) less No. of shares allotted (i.e., col. III )} X 38/498 c. The numerator and denominator for arriving at allocation of 38 crore shares to the 10 QIBs are reduced by 2 crore shares, which have already been allotted to mutual funds at Col. No. (III)." U. K. SINHA Chairman [ADVT.-III/4/Exty./69ZB/14] Footnote: 1. The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 were published in the Gazett ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2011 vide F. No. LADNRO/GN/2011-12/25/30309. (i) 30th January, 2012 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2012 vide No. LAD-NRO/GN/2011-12/34/2499. (j) 7th February, 2012 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2012 vide No. LADNRO/GN/2011-12/35/3186. (k) 21st May, 2012 by Securities and Exchange Board of India (Alternative Investment Funds)Regulations, 2012 vide No. LAD-NRO/GN/2012-13/04/11262. (l) 24th August, 2012 by Securities and Exchange Board of India (Issue of Capital an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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