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TMI BlogUnderwritingX X X X Extracts X X X X X X X X Extracts X X X X ..... ters in accordance with Securities and Exchange Board of India (Underwriters) Regulations, 1993. (2) Where the issuer makes a public issue through the book building process, such issue shall be underwritten by book runners or syndicate members: 1[Provided that atleast 2[seventy five per cent] of the net offer to the public proposed to be compulsorily allotted to qualified institutional buyers fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the lead merchant banker or the lead book runner shall undertake minimum underwriting obligations as specified in the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992. (8) Where hundred per cent. of the offer through offer document is underwritten, the underwriting obligations shall be for the entire hundred per cent. of the offer through offer document and shall not b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e underwritten." 2 Substituted for "fifty per cent" by SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2012, w.e.f. 12.10.2012. 3 Sub-regulation (6) omitted by SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2012, w.e.f. 30.01.2012. Prior to its omission, sub-regulation (6) read as under: "(6) A copy of the syndicate agreement sha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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