TMI BlogStreamlining the process of IPOs with UPI in ASBA and redressal of investor grievancesX X X X Extracts X X X X X X X X Extracts X X X X ..... ified Syndicate Banks) Dear Sir / Madam, Sub: Streamlining the process of IPOs with UPI in ASBA and redressal of investor grievances 1. SEBI vide Circular No. SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16, 2021 (hereinafter referred to as the circular ), which came into effect from May 01, 2021 had put in place measures to have a uniform policy to further streamline the process ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng on/after January 01, 2022. 3.2 Web Portal for CUG: For ease of doing business, Para 10 of the circular prescribed a web portal to be hosted by Sponsor Banks for closed user group (hereinafter referred to as CUG ) entities. In view of the representations received from the stakeholders, it has been decided that: 3.2.1 The automated web portal shall be live and operational after due tes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anagers shall facilitate providing the requisite data of CUG entities to Sponsor Bank for the development of automated web portal. Such information shall be provided to the Sponsor Bank before opening of the Public Issue. 3.3 Completion of Unblocks by T+4: Para 13 of the circular prescribed the process and timeline for ensuring the completion of unblocks pertaining to UPI mandates on T+4 (T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not later than 6:30 PM on BOA+1. 3.3.4 To ensure that the unblocking is completed on T+4, the Lead Managers, on a continuous basis and before the opening of the public issue shall take up the matter with the SCSB s at appropriate level. 4. This circular comes into force with immediate effect. 5. The contents of the circular shall be mentioned in the DRHP and RHP filed on or after the date ..... X X X X Extracts X X X X X X X X Extracts X X X X
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