INITIAL PUBLIC OFFER BY SMALL AND MEDIUM ENTERPRISES - Securities and Exchange Board of India (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018

Chapter: IX
INITIAL PUBLIC OFFER BY SMALL AND MEDIUM ENTERPRISES
Regulation 227	:	Reference date
Part: I
ELIGIBILITY REQUIREMENTS
Regulation 228	:	Entities not eligible to make an initial public offer
Regulation 229	:	Eligibility requirements for an initial public offer
Regulation 230	:	General conditions
Part: II
ISSUE OF CONVERTIBLE DEBT INSTRUMENTS AND WARRANTS
Regulation 231	:	Convertible debt instruments
Regulation 232	:	Additional requirements for issue of convertible debt instruments
Regulation 233	:	Conversion of optionally convertible debt instruments into equity share capital
Regulation 234	:	Issue of convertible debt instruments for financing
Regulation 235	:	Issue of warrants
Part: III
PROMOTERS’ CONTRIBUTION
Regulation 236	:	Minimum promoters’ contribution
Regulation 237	:	Securities ineligible for minimum promoters’ contribution
Part: IV
LOCK-IN AND RESTRICTIONS ON TRANSFERRABILITY
Regulation 238	:	Lock-in of specified securities held by the promoters
Regulation 239	:	Lock-in of specified securities held by persons other than the promoters
Regulation 240	:	Lock-in of specified securities lent to stabilising agent under the green shoe option
Regulation 241	:	Inscription or recording of non-transferability
Regulation 242	:	Pledge of locked-in specified securities
Regulation 243	:	Transferability of locked-in specified securities
Part: V
APPOINTMENT OF LEAD MANAGERS, OTHER INTERMEDIARIES AND COMPLIANCE OFFICER
Regulation 244	:	Appointment of merchant bankers
Part: VI
DISCLOSURES IN AND FILING OF OFFER DOCUMENTS
Regulation 245	:	Disclosures in the draft offer document and offer document
Regulation 246	:	Filing of the offer document
Regulation 247	:	Offer document to be made available to public
Part: VII
PRICING
Regulation 248	:	Face value of equity shares
Regulation 249	:	Pricing
Regulation 250	:	Price and price band
Regulation 251	:	Differential pricing
Part: VIII
ISSUANCE CONDITIONS AND PROCEDURE
Regulation 252	:	Minimum offer to public
Regulation 253	:	Allocation in the net offer
Regulation 254	:	Reservation on a competitive basis
Regulation 255	:	Abridged prospectus
Regulation 256	:	ASBA
Regulation 257	:	Availability of issue material
Regulation 258	:	Prohibition on payment of incentives
Regulation 259	:	Security deposit
Regulation 260	:	Underwriting
Regulation 261	:	Market making
Regulation 262	:	Monitoring agency
Regulation 263	:	Public communications, publicity materials, advertisements and research reports
Regulation 264	:	Issue-related advertisements
Regulation 265	:	Opening of the issue
Regulation 266	:	Period of subscription
Regulation 267	:	Application and minimum application value
Regulation 268	:	Allotment procedure and basis of allotment
Regulation 269	:	Allotment, refund and payment of interest
Regulation 270	:	Post-issue advertisements
Regulation 271	:	Post-issue responsibilities of the lead manager(s)
Regulation 272	:	Release of subscription money
Regulation 273	:	Post-issue reports
Regulation 274	:	Reporting of transactions of the promoters and promoter group
Regulation 275	:	Listing
Regulation 276	:	Migration to the SME exchange
Regulation 277	:	Migration to the main board
Part: IX
MISCELLANEOUS
Regulation 278	:	Restriction on further capital issues
Regulation 279	:	Price stabilisation through green shoe option
Regulation 280	:	Alteration of rights of holders of specified securities
Regulation 281	:	Further Issues