12-Oct-2022 05:21 PM
We have to allocate 5% of QIP portion to Mutual Fund as per regulation 32 and 129 Whereas according to regulation 179 we have to allocate 10% to Mutual Fund of QIP portion I m confused in both. Kindly enlighten!
Regulation 32 and 129 is for allocation in case of public issue through book building (in IPO & FPO respectively). Regulation 179 is for allocation in case of Qualified Institutional Placement. So, as per Regulation 32 and 129 in case of IPO or FPO, 5% of qualified institutional buyers portion shall be allocated to Mutual Funds. Whereas, As per regulation 179, in case of Qualified Institutional Placement 10% of qualified institutional buyers portion shall be allocated to Mutual funds.
Answer given by Shubhamm Sir at 13-Oct-2022 08:20 PM