Circular No.SMDRP/Policy/Cir-35/2000

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..... ctors/Managing Directors All the Stock Exchanges Dear Sir/Madam, As per the present SEBI guidelines, allotment in public issues is required to be made within 30 days from the date of closure of issue. However, it has come to SEBI's notice that although the issuers complete the allotment process within 30 days, the actual listing and trading permissions take a longer .....

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..... pproval for listing within 15 days of submission of the draft offer document. The lead manager shall furnish to SEBI the in-principle approval from the stock exchanges within the said 15 days. If the in-principle approval of all the stock exchanges stated in the draft offer document is not submitted within the said period, the lead manager shall not proceed with the issue and the file shall be clo .....

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..... curities are to be listed within 7 working days of finalisation of basis of allotment. The Stock exchanges are advised to ensure and facilitate the above. The provisions of this circular shall be applicable to issues for which draft offer documents have been filed with SEBI on or after June 15, 2000. Yours faithfully, P. K. BINDLISH Division Chi .....

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