under which category does allotment to QIBs fall in IPO.does it fall under offer through offer document or firm allotment or promoters contribution through offer document
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 18 March 2009
hi
when the allotment is made to following category as defined in 2.2.2B(v) of dip guidelines 2000 then it is termed as qib placement.
it includes
- public financial institution u/s 4A of CA 1956
- mutual fund
- fii registered with sebi
- vc registered with sebi
- fvc registered with sebi
- state industrial development corp.
- insurance companies registered with irda
- provident fund and pension funds having corpus fund of 25o million
- schedule commercial banks
- mulitbateral and bilateral development financial institutions