Economics · Financial Markets
A listed company intends to raise capital via Qualified Institutional Placement (QIP). In this context, consider the following statements under SEBI guidelines: 1. The pricing of QIP shall not be less than the average of the weekly high and low of the volume weighted average price (VWAP) of the equity shares during the preceding two weeks. 2. Allottees under QIP are subject to a strict absolute lock-in period of one year from the date of allotment. 3. No single Qualified Institutional Buyer (QIB) can be allotted more than 50% of the total issue size. Which of the statements given above is/are correct?
- 11 and 2 only
- 22 only
- 31 and 3 only✓
- 41 only
Correct answer
1 and 3 only
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