The Securities and Exchange Board of India (SEBI) on 05th April, 2022 issued a circular on ‘Revision of UPI limits in Public Issue of Equity Shares and convertibles’, wherein it has been decided that all Individual Investors applying in Public Issues where the application amount is upto 5 Lakhs shall use UPI and shall also provide their UPI ID in the bid-cum-application form.
This circular shall come into force for Public Issues opening on or after May 01, 2022.
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For further information, please contact:
Vineet Aneja, Partner, Clasis Law
vineet.aneja@clasislaw.com
