Book Building: means a process undertaken by which a demand for the securities proposed to be issued by a body corporate is elicited and built up and the price for such securities is assessed for the determination of the quantum of such securities to be issued by means of a notice, circular, advertisement, document or information memoranda or offer document.

"Composite Issues": means an issue of securities by a listed company on a public cum rights basis offered through a single offer document wherein the allotment for both public and rights components of the issue is proposed to be made simultaneously.

Green Shoe option: means an option of allocating shares in excess of the shares included in the public issue and operating a post-listing price stabilizing mechanism in accordance with the provisions of Chapter VIII-A of these Guidelines, which is granted to a company to be exercised through a Stabilising Agent.

Offer document: means Prospectus in case of a public issue or offer for sale and Letter of Offer in case of a rights issue

Offer for sale: means offer of securities by existing shareholder(s) of a company to the public for subscription, through an offer document.

Preferential Allotment: means an issue of capital made by a body corporate in pursuance of a resolution passed under sub-section (1A) of section 81 of the Companies Act,1956.

"Public issue": means an invitation by a company to public to subscribe to the securities offered through a prospectus;

"Listed Company": means a company which has any of its securities offered through an offer document listed on a recognised stock exchange and also includes Public Sector Undertakings whose securities are listed on a recognised stock exchange.

"Unlisted Company": means a company which is not a Listed company.

"Rights issue" means an issue of capital under sub-section (1) of Section 81 of the Companies Act, 1956, to be offered to the existing shareholders of the company through a Letter of Offer.

"Qualified Institutional Buyer" shall mean -

1. public financial institution as defined in section 4A of the Companies Act, 1956;

2. scheduled commercial banks;

3. mutual funds

4. foreign institutional investor registered with SEBI

5. multilateral and bilateral development financial institutions;

6. Venture capital funds registered with SEBI

)

7. Foreign Venture capital investors registered with SEBI

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8. State Industrial Development Corporations

‘Retail individual investor’ means an investor who applies or bids for securities of or for a value of not more than Rs.50,000/-

A 'depository': shall mean a depository registered with the Board under the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996.