4.1.2. For unlisted companies eligible to bring out public issues at premium in accordance with Clause 3.2.2 in Chapter III, the promoters shall contribute not less than 50% of the post-issue capital of the issuer company.
Provided that if the size of the issue exceeds Rs.100 crores; Promoting companies' contribution shall be computed on the basis of total equity to be issued (including premium) at present and in future upon conversion of optionally convertible instruments including warrants.
Such contribution may be computed by applying the slab rates in the
manner mentioned below:
Size of Capital Issue
(Including Premium) |
Percentage of contribution |
On first 100 crores of issue | 50% |
Next 200 crores | 40% |
Next 300 crores | 30% |
Balance issue amount | 15% |
Note: While computing the extent of promoters contribution, the amount to be computed against the last slab shall be so adjusted that on average promoters contribution is not less than 20% of the post-issue capital after conversion.
4.5. Promoters Contribution in Case of Public Issues by Infrastructure Companies
4.5.1 For unlisted infrastructure companies eligible to bring out public issues at premium in accordance with Clause 3.2.2 of Chapter III, the promoters along with equipment suppliers and other strategic investors shall contribute not less than 50% of the post-issue capital of the issuer company at the same or higher price than the price at which the securities are being offered to the public.
4.5.2 The contribution by equipment suppliers and other strategic investors shall be eligible to be treated as promoters contribution.
Chapter V
5.7.3 After the prospectus or letter of offer has been filed with the Registrar of Companies or stock exchange, the printed prospectus or letter of offer shall be forwarded to Board at least 10 days prior to the issue opening date.
Chapter VII
7. 1 Association of Resource Personnel
7.1.1 Lead Merchant Banker responsible for post issue obligations (Post-issue Lead Merchant Banker) shall ensure that a public representative nominated by the Board is associated in the process of finalisation of basis of allotment in following cases :
Chapter XVI
[old clause] 16.1.4(b)The lead merchant banker shall submit one final printed copy of the Final offer document to Primary Market Department, SEBI, Mittal Court, A Wing, Ground Floor, Nariman Point, Mumbai.
ii.) Data Format
Page break or `Form Feed’ (FF) characters shall be avoided where
possible.
XXX - to indicate the name of the company
NN - to indicate the year.
iii) The Lead Merchant Banker shall submit a forwarding letter containing
the following information.
1 | Name of the Company | |
2 | Issue Details | |
Remarks | ||
3 | Printed copy enclosed | |
4 | Floppy containing document enclosed | |
5 | Floppy content is in:- | |
i) Word Format (*.doc) | ||
ii) Rich Text Format (*.rft) | ||
iii) Hyper Text Mark-up language (*.html) | ||
6 | The columnar data/figures are in Table format | |
7 | Printed copy is verified with floppy contents and both are in order. |