Allocation in the net offer

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..... ) not less than fifteen per cent. to non-institutional investors; c) not more than fifty per cent. to qualified institutional buyers, five per cent. of which shall be allocated to mutual funds: Provided that the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in any other category: Provided further that in addition to five pe .....

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..... gulation (2), if the retail individual investor category is entitled to more than fifty per cent. of the issue size on a proportionate basis, the retail individual investors shall be allocated that higher percentage. ] 1 [*****] ********** Notes 1. Omitted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2018/57 dated 31-12-2018 before it was read as Explanation: If the re .....

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