Presented by SAGAR FAFADIA 21 RAMAKANT LADHA 42 ABHISHEK MEHTA 45 HARDIK MEHTA 48 RAJ PANDYA 60 DHARMESH GANDHI24 ANSHUL HEDA 27

An issue cannot be made if

Persons in control of the issue are debarred Default of payment of interest or repayment of principal amount in respect of debt instruments issued by it to the public for more than six months Unless it has entered into an agreement with a depository for dematerialization All existing partly paid-up equity shares of the issuer have either been fully paid up or forfeited

Issuer shall appoint one or more merchant bankers, at least one of whom shall be a lead merchant banker Appoint only those intermediaries which are registered with the board. Responsibilities of each merchant banker shall be predetermined and disclosed in the offer document. lead merchant banker shall advise the issuer on their appointment of intermediaries. appoint syndicate members or appoint bankers to issue, at all mandatory collection centres shall appoint a registrar which has connectivity with all the depositories

a draft offer document, along with fees as specified in Schedule IV, 30 days prior The Board may specify changes or issue observations, if any, on the draft offer document within thirty days The offer document filed with the Board under this regulation shall also be furnished to the Board in a soft copy in the manner specified in Schedule V.

The issuer shall obtain in-principle approval from recognized stock exchanges having nationwide trading terminals

The lead merchant bankers shall submit to the Board along with the draft offer document; a copy of agreement, inter-se allocation, due diligence certificate, confirming compliance. documents to the Board after issuance of observations by the Board or after expiry of the period stipulated

draft offer document filed with the Board shall be made public for at least twenty one days from the date of such filing, by hosting it on the websites of the Board, recognised stock exchanges lead merchant bankers shall, after expiry a statement giving information of the comments received by them or the issuer on the draft offer document

The lead merchant bankers shall dispatch the offer document and other issue material including forms for Application to the designated stock exchange, syndicate members, underwriters, bankers to the issue, investors associations and Self Certified Syndicate Banks in advance.

Appointment of Underwriter Book Runner or Syndicate Bank Agreement (Book runner & Syndicate member) predetermined price. Obligations Copy of agreement to be filled with Board

Minimum Subscription Refund of Application Money Exception

MONITORING AGENCY
Public Financial Institution or Schedule commercial bank Submission of report on half yearly basis

MANNER OF CALLS

Time frame of 12 months Forfeiture of shares

 ALLOTMENT,REFUND
Money to be refunded in 15 days Payment of interest

& PAYMENT OF INTEREST

ALTERATION

OF RIGHTS OF HOLDERS OF SPECIFIED SECURITY

Conditions

for IPO

1)a)Net Tangible Assets of at least 3 Cr. in each of Preceding 3 years. b)Track Record of distributable profits for atleast 3 Out of preceding 5 years. c)It has a networth of atleast One Cr. in each of Preceding 3 years.

d) If Issuer has changed its name within last 1 Year, at least 50% 0f revenue for preceeding 1 Year has been earned from the activity indicated by new name.

2)i) Issue is made through Book Building process. or ii) At 15% of cost of project is contributed by banks.

3) Issuer may make IPO of convertible debt instruments. 4) Issuer shall not make allotment to public issue if no. of allottees is less than 1000. 5)Grading for IPO from at least one credit rating agency.

Pricing
1)
2)

Price Coupon rate and conversion price.

a) b) c)

Differential Pricing
Retail Individual Investors Book Built Issue Composite Issue Employees

d)

Price
1)
2)

and price band

1) 2)

Price or price band Floor price or price band Face value of Equity Shares Promoters Contribution IPO FPO

Minimum Offer to public , reservations etc

Reservation on competitive basis

Allocation in net offer to public Price stabilisation through green shoe option

Period of subsciption Pre-issue advertisement for public issue Minimum application value Allotment procedure and basis of allotment Utilisation of subscription money

Prohibition on payment of incentives Public communication, advertisements and research report Copies of offer documents to be available to public Redressal of investor grievances Appointment of compliance officer

Post issue report to Board Post issue advertisements Co-ordination with Intermediaries

What is QIP?

Conditions for QIP

Appointment of Merchant Banker

Placement document

Pricing: The prices determined for qualified institutions placement shall be subject to appropriate adjustments if the issuer: Makes an issue of equity shares by way of capitalization of profits or reserves, other than by way of a dividend on shares. Makes a rights issue of equity shares. Consolidates its outstanding equity shares into a smaller number of shares. Divides its outstanding equity shares including by way of stock split. Re-classifies any of its equity shares into other securities of the issuer. Is involved in such other similar events or circumstances, which in the opinion of the concerned stock exchange, requires adjustments.


1)

Restriction on allotment:
Minimum of 10% of eligible securities shall be allotted to mutual funds.

2) No allotment shall be made, either directly or indirectly, to any qualified institutional buyer who is a promoter or any person limited to promoters of the issuer.

3.) In a qualified institutional placement of non- convertible debt instrument along with warrants, an investor can subscribe to the combined offerings of non- convertible debt instruments with warrants or to the individual securities, that is, either nonconvertible instruments or warrants. 4.) The applicants in qualified institutions placement shall not withdraw their bids after the closure of the issue.


1)

Minimum number of allottees

The minimum number of allottees for each placement of eligible securuties made under qualified institutions placement shall not be less than: a) two, where the issue size is less than or equal to two hundred and fifty crore rupees; b) five, where the size is greater than two hundred and fifty crore rupees

2) The qualified institutional buyers belonging to the same group or who are under same control shall be deemed to be a single allottee.

Validity

of the special resolution

on amount raised

Restrictions

Tenure

Transferability

of eligible securities