9911796707
TMI BlogAmendments to the SEBI (Disclosure and Investor Protection) {DIP} Guidelines, 2000X X X X Extracts X X X X X X X X Extracts X X X X ..... ess. 2.0 The amendments are detailed in the Annexure and are summarized as under: 2.1 Provision for specific allocation for mutual funds within the QIB category : 2.1.1 Presently, mutual funds registered with SEBI in terms of SEBI (Mutual Funds) Regulations, are not given any specific allocation within the QIB category in book-built issues. It has now been decided to provide 5% of the 50% or 60% {in case of issues in terms of Rule 19(2)(b) of SCRR} of net offer to public available for allocation to QIBs, for mutual funds. 2.1.2 Effectively, out of the portion available for allocation to QIBs, 5% will be available for allocation to mutual funds. All eligible bids by mutual funds will be considered for allocation in the afore mentioned 5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... respect of which are filed with SEBI on or after the date of this circular. 4.0 This circular along with the annexure is available in SEBI website at www.sebi.gov.in. Full text of SEBI (DIP) guidelines 2000 including the amendments issued vide this circular is also available in SEBI's web site under "Issues and Listing." Yours faithfully, Neelam Bhardwaj Encl.: a/a ANNEXURE AMENDMENTS TO THE SEBI (DISCLOSURE AND INVESTOR PROTECTION) GUIDELINES, 2000 CHAPTER I - PRELIMINARY 1. Sub clause (xix)( a) of clause 1.2.1 shall b renumbered as sub clause (xix)(b) thereof and before the sub clause so renumbered, the following sub clause shall be inserted, namely: "(xix)(a) 'mutual fund' means a mutual fund registered with the Board under the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r allocation to qualified institutional buyers under sub clause (i) or (ii) or any proviso thereof, as the case may be, 5% shall be allocated proportionately to mutual funds. Mutual fund applicants shall also be eligible for proportionate allocation under the balance available for Qualified Institutional Buyers as illustrated in Schedule XIX-A" d. Sub clause (iii) shall be substituted with following, namely: (iii) Allotment to retail individual investors, non-institutional investors and qualified institutional buyers shall be made proportionately as illustrated in Schedule XVIII." e. Sub clause (v)(a) shall be omitted. 6. After Schedule XIX, the following Schedule shall be inserted, namely: Schedule XIX-A [Clause 11.3.5(ii-a)] ILLU ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tionate basis among 5 mutual fund applicants who applied for 200 shares in QIB category. 3. The balance 95 crore equity shares [i.e. 100 - 5 (available for MFs)] will be allocated on proportionate basis among 10 QIB applicants who applied for 500 shares (including 5 MF applicants who applied for 200 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 95 / 495 b. For mutual funds (MF1 to MF5)= { (No. of shares bid for (i.e Col II) less shares allotted ( i.e col III )} X 95/495 c. The numerator and denominator for arriving at allocation of 95 crore shares to the 10 QIBs are reduced by 5 crore shares, which has already been allotted to mutu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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