Securities And Exchange Board Of India - Subsection
Section 32(2) in The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
(2)In an issue made through the book building process under sub-regulation (2) of regulation 6, the allocation in the net offer category shall be as follows:(a)not more than ten per cent. to retail individual investors;(b)not more than fifteen per cent. to non-institutional investors;(c)not less than seventy five per cent. to qualified institutional buyers, five per cent. of which shall be allocated to mutual fundsProvided that the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category:Provided further that in addition to five per cent. allocation available in terms of clause (c), mutual funds shall be eligible for allocation under the balance available for qualified institutional buyers.
