Bombay Stock Exchange (BSE) has issued a notice regarding systemic improvements in the bidding process of SME Public Issues, in accordance with guidance from the Securities and Exchange Board of India (SEBI). The notice outlines changes in the validation process for reserved category bids, such as Employee (EMP), Shareholder (SHA), and Policyholder (POL). Companies and issuers are required to provide reserved category details at least one day prior to the issue open date in a prescribed format. This requirement becomes mandatory for SME public issues opening for subscription on or after June 21, 2024. The notice provides details on the file naming convention, fields, and data types for submission of reserved category details. All listed companies, issuers, and intermediaries are urged to comply with these instructions.
Bombay Stock Exchange Limited
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NOTICES |
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| Notice No. | 20240606-34 | Notice Date | 06 Jun 2024 |
| Category | Circulars Listed Companies | Segment | General |
| Subject | Systemic Improvements in the Bidding Process of SME Public Issues |
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Dear Sir \ Madam
This is with reference to the guidance received from the Securities and Exchange Board of India (SEBI), regarding systemic improvements in the bidding process of SME Public Issues.
Companies/ Issuers and all other intermediaries are hereby informed, the following changes in bidding and processing for SME Public Issues:
Validation for Reserved Category Bids
The Exchange book building platform shall verify the eligibility of the applicant prior to acceptance of bid for the reserved categories like Employee (EMP), Shareholder (SHA), Policyholder (POL) etc. based on the details shared by the company/ issuer.
In view of the above, companies/ issuers are requested to provide the reserved category details if appliable for their Initial Public Offer (IPO) or Follow on Public Offer (FPO) at least one day prior to the issue open date (Before 12.00 Noon) in the format prescribed by the Exchange.
The above requirement shall be mandatory for SME public issues opening for subscription from on or after June 21, 2024.
The file nomenclature and format for submission of reserved category details are given in the Annexure I of the notice.
All listed Companies/ Issuers and all other Intermediaries are requested to take note of the same and comply accordingly.
Ashok Kumar Singh
DGM-Listing Compliance
Shyam Bhagirath
Manager-Listing Compliance
Annexure I
Please find given below the file format for the Reserved Categories to be shared by the Company/ Issuer on T-1 day before 12.00 noon (T being the first day of bidding of the issue):
1. File Naming Convention
| File Name | <Symbol of the Company>_RC_<DDMMYYYY>.csv | ABCD_RC_06062024.csv |
2. Fields and Data Type
| Fields | Datatype | Length | Mandatory | Remarks |
| Symbol | Alphanumeric | 50 | Yes | Existing symbol rules shall prevail |
| ISIN | Alphanumeric | 20 | Yes | ISIN allotted to the Issue |
| Date | Alphanumeric (DD-MM-YYYY) | 10 | Yes | Date of submission of the File |
| PAN | Alphanumeric | 10 | Yes | Existing PAN rules shall prevail |
| Category | Alphanumeric | 3 | Yes | Value shall be:
‘EMP’ for Employee ‘SHA’ for Shareholder ‘POL’ for Policyholder |
| Name | Alphanumeric | 50 | Yes | Name of the Employee |
| Filler1 | String | 100 | No | Extra Field |
| Filler2 | String | 100 | No | Extra Field |
| Filler3 | String | 100 | No | Extra Field |
