ROLE OF SEBI IN ISSUE OF SHARES

ROLE OF SEBI IN ISSUE OF SHARESM. AMUDHA & P.SRIJAIntroduction The Securities and Exchange Board of India (SEBI) is the regulatory authority in India established under Section 3 of SEBI Act, 1992 which provides for establishment of Securities and Exchange Board of India (SEBI) with statutory powers for (a) protecting the interests of investors in securities (b) promoting the development of the securities market (c) regulating the securities market. Different kinds of share issues

TYPES OF OFFER DOCUMENTS

Requirements in Issue of SharesOTHER PROVISIONSMinimum Promoters contribution and lockinIPO Grading

SEBIs ROLE IN AN ISSUEDIP GUIDELINESSahara v/s SEBILOCK-IN REQURIMENTSPRICING IN ISSUEBook buildingFirm allotmentAllotment on firm basisAllotment is for investorsPrice fixed in allotment is different from public offer Intitutional investing

Classification of investorsAllotment to various investors In case of book built issueIn case of fixed price issue Intermediaries involved in the issue process