SEBI amends Disclosure and Investor Protection (DIP) guidelines

Securities and Exchange Board of India (SEBI) has amended the Disclosure and Investor Protection (DIP) guidelines on 30th April 2007, as follows:

1) Grading of all Initial Public Offerings (IPO) made mandatory. The grading will be applicable to all IPOs for which draft offer documents are filed with SEBI after April 30, 2007;

2) Existing practices followed by SEBI regarding processing of draft offer documents incorporated in the DIP guidelines;

3) Companies having listing history of one year or more, only to be allowed to make Qualified Institutions Placement(QIP);

4) Companies having listing history of less than six months to be enabled to make preferential allotment, subject to certain conditions;

5) More clarity on provisions relating to minimum promoters’ contribution for the purpose of public issues.

Amendments in Disclosure and Investor Protection (DIP) guidelines dated 29th November 2007 ... Click here

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