Trading Members of the Exchange and Self Certified Syndicate Bank (SCSB) are requested to refer to SEBI notification dated January 30, 2012 about the amendments to the Issue of Capital and Disclosure Requirements Regulations, 2012 (Chapter VIII-A) (Annexure) regarding the guidelines for Institutional Placement Programme (IPP).
In relation with the above, the Exchange has developed the facility on its web based platform (iBBS) to accumulate the bids from the applicants for Institutional Placement Programme (IPP).
All participants are hereby informed that the Exchange would conduct mock session for IPP in iBBS platform from Saturday, March 17, 2012 onwards.
Schedule of Mock Session for IPP is as follows:
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SESSION
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FROM
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TO
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Bid Entry Period
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10:00 a.m.
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5:00 p.m.
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2. Login Ids shall be same as Clearing Code of the Trading Member/ Bank Code of Self Certified Syndicate Bank (SCSB) which is used in the current demo iBBS environment.
3. The details of mock parameters are given below:
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Company Name
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IPP TEST1
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IPP TEST2
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IPP Symbol
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IPPPT
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IPPPR
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Issue Size (Shares)
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320000000
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200000000
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Trading Lot (Shares)
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1
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1
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Face Value
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Rs.10/-
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Rs.10/-
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Tick Size
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Rs. 1/-
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Rs. 1/-
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Price Band / Floor Price
(In Rupees)
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100 (Floor Price)
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200 to 230 (Price Band)
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Minimum Order Size
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Above Rs 2,00,000/-
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Above Rs 2,00,000/-
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Allocation Method
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Proportionate basis
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Price Priority basis
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Amount blocked based on Allocation Method
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Maximum bid value of the multiple bids.
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Sum of bid values of the multiple bids.
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Categories allowed
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Banks and Financial Institutions – FI
Mutual Funds – MF
Insurance Companies – IC
Foreign Institutional Investors – FII
Others - OTH
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In case of any queries or further clarifications/help on the above, please contact:
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Name of Official
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Contact Number
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Email ID
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Sandeep Pujari
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022-22728376
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Radhika Khatau
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022-22728892
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Mock Trading Session Feedback
To be able to provide Members and Self Certified Syndicate Bank (SCSB) with a robust & efficient system Institutional Placement Programme (IPP) with better features, feedback from all members and Self Certified Syndicate Bank (SCSB) are very important. We request all members and Self Certified Syndicate Bank (SCSB) to give their feedback of the mock session to BSE Officials on the contact numbers/ email id provided above.
The features of Institutional Placement Programme are described as under.
· Issuer shall accept bids using ASBA facility only.
· Only Qualified Institutional Buyers (QIBs) are allowed to participate in the offer.
· Participants will be Self Certified Syndicate Banks and Syndicate members under the ASBA facility.
· Three bids per application will be allowed.
· The issue could be with floor price or price band.
· The bids made by the applicants in institutional placement programme shall not be revised downwards or withdrawn.
· The issue shall be kept open for a minimum of one day or maximum of two days.
· DP Id & Client Id correction could be available on T+1 day.
· Allotment may be proportionate basis or price priority basis or Criteria as mentioned in the offer document.
· TRS printing for confirmed bids.
· Allocation/ allotment shall be overseen by stock exchange before final allotment.
The Exchange shall issue a separate notice for Live IPP issues by Seller(s).
Bhushan Mokashi
Asst. General Manager
Listing Sales |