SEBI (Securities and Exchange Board of India) made it mandatory to offer 20% to retail investors and 25% for Mutual Funds and Insurance Companies. The reservation shall be applicable for all retail investors whose Bid for a value is less than Rs. 2 Lacs across Exchanges in retail category and have their PAN category as 'Individual/HUF/NRI' and if the value exceeds to RS 2 Lacs, then the bid will be considered invalid. If the bid values exceed to Rs 2 lacs in retail/non-retail category than bids entered in the retail category and considered as invalid
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article