As of 10 November 2026, in a main-board book-built IPO under Regulation 6(1) of the SEBI ICDR Regulations, what minimum share of the net offer is available to retail individual investors under…
Question and options
As of 10 November 2026, in a main-board book-built IPO under Regulation 6(1) of the SEBI ICDR Regulations, what minimum share of the net offer is available to retail individual investors under Regulation 32?
50%
75%
10%
35%
Answer and explanation
Correct answer: D - 35%
Regulation 32(1) of the SEBI ICDR Regulations, 2018 requires, in a book-built issue under regulation 6(1), that not less than 35% of the net offer be allotted to retail individual investors, not less than 15% to non-institutional investors and not more than 50% to qualified institutional buyers. The 10% and 75% figures belong to the regulation 6(2) route, where at least 75% goes to QIBs and not more than 10% to retail investors.
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