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New IPO Basis of Allotment Guidelines Issued by SEBI

No doubt SEBI is doing a good job and taking this move forward it has announced in the month of Aug 2012 where new guidelines have been given for Basis of issue of IPO allotment to retail traders. important measures are:
  • Every retail participant gets a minimum bid lot irrespective of his application size. This is subject to availability of shares.
  • The minimum application size band in an IPO has been increased from Rs. 5,000-7,000 earlier to Rs. 10,000-15,000 now.
  • Issuers are now allowed to furnish the price band five working days prior to issue opening date as against the erstwhile two working days.
We are glad that SEBI is doing its task and is protecting the retail traders interests and thus now while applying for an IPO; one can be sure of the allotment. Make it a habit to visit our website for hot stock of the day and make money like professionals.

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