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SEBI announces new Norm For IPO Allotments

Mumbai, 26 August 2005

• All Qibs Will Be Required To Provide 10% Margin On IPOs

• MFs Can Also Bid For Remaining 45% Of QIB Quota

• 5% Of Total Issue Will Be Reserved For Sebi Regd Mfs

• Institutions To Get Pro-Rata Allotment In Ipos

• Cos Listed In India Must Have At Least 25% Continuous Public Holding

• 25% Public Shareholding Not For PSUs & Infra, BIFR Companies

• Cos Required To Comply To 25% Shareholding Within 2 Years

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