Revised Contents of Application-Cum-Bidding Form and Manner of disclosure
Summary
This circular revises the format for the Application-Cum-Bidding Form and disclosure manners for public issues of equity shares. It mandates the exclusive use of the ASBA facility for payments by all investors in such issues. The revised provisions apply to all public issues opening on or after January 01, 2016.
Text
all the investors applying in a public issue are required to use only Application Supported by Blocked Amount (ASBA) facility for making payment.
format for application-cum-bidding-form and manner of disclsoure as specified vide SEBI Circular no. CIR/CFD/DIL/4/2011 dated September 27, 2011 has been revised.
This circular shall be applicable for all public issues opening on or after January 01, 2016. Pursuant to applicability of this Circular, aforesaid SEBI Circular dated September 27, 2011 shall stand rescinded.
All intermediaries are advised to take necessary steps to ensure compliance with this circular. Stock exchanges and depositories are advised to bring the provisions of this circular to the notice of the stock brokers and despository participants and also disseminate the same on their websites.
White color form for Resident Indian, Eligible NRIs applying on a non repatriation basis and Blue color form for Eligible NRIs, FVCIs, FIIs, their Sub-Accounts... on a repatriation basis.
Attention of investors to be drawn to instruction that only retail individual investors can bid at Cut-off.
Price in multiples of Re 1 only
Source: SecMarx — Revised Contents of Application-Cum-Bidding Form and Manner of disclosure. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.