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It is an advantageous method for companies to raise funds. The minimum price shall be calculated on the average of the weekly high and low of the same class of equity shares quoted on the stock exchange for preceding two weeks of the relevant date. The issuer has to comply with the chapter VIII of SEBI (ICDR) Regulations, 2009.

SEBI Registered Merchant Banker helps companies make allotments under QIP. They act as an advisor, consultant, or manager in relation to such issue of securities. The Merchant Banker undertakes certain obligations that include obtaining in-principle approval of the allotment from the stock exchange(S). To obtain in-principle approval for QIP from the stock exchange(s), the placement document making certain financial disclosures about the company, a due diligence certificate from merchant banker, and few other documents need to be filed. Merchant Bankers also help make the allotment in compliance with the requirements mentioned in chapter VIII of the SEBI (ICDR) Regulations, 2009.


With BSE recently hiking the listing fee, an exit from the stock market seems a more feasible move for small firms placed on the Dissemination Boards.