Disclosure of Price Information of past issues handled by Merchant Bankers
Summary
The circular mandates merchant bankers to disclose price information of past issues handled by them in due diligence certificates. It specifies a format for this disclosure and requires compliance from all concerned merchant bankers. The directive applies to prospectuses filed on or after November 01, 2011.
Text
Price Information of Past Issues handled by Merchant Bankers (who are responsible for pricing this issue) should be enclosed along-with Due Diligence certificate submitted to the Board.
The format for disclosure of Price Information of Past Issues handled by Merchant Bankers is given at Annexure.
All concerned Merchant Bankers are directed to comply with the instructions contained in this circular.
This circular shall be applicable on Draft Red Herring Prospectus/ Red Herring Prospectus/Prospectus filed with SEBI/Registrar of Companies (as applicable) on or after November 01, 2011.
This circular is issued in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992 read with SEBI (ICDR) Regulations, 2009.
Source: SecMarx — Disclosure of Price Information of past issues handled by Merchant Bankers. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.