📢 SME IPO Process Ab Badal Gaya Hai! NSE ne ek naya circular (07/2025) nikala hai, jisme kuch naye rules aaye hain SEBI ke ICDR Amendment Regulations, 2025 ke baad. 🔸 "Retail Individual Investor" ka naam ab "Individual Investor" ho gaya hai. ▫️ Isme wahi log aayenge jo 2 lots aur ₹2 lakh se zyada ka application lagayenge. 🔸 Minimum bid size Individual Investors ke liye ab 2 lots aur ₹2 lakh+ hoga. 🔸 Cut-off price par bidding ab kisi bhi category ke liye allowed nahi hai. 🔸 Application mein koi downward change ya cancellation ab allowed nahi hai. 🔸 Last day par bidding 4:00 PM tak hi hogi. 🔸 UPI mandate accept karna ya confirm karna 5:00 PM tak allowed hai last day pe. 🔸 Reserved category rules: ▫️ Employees: Min 2 lots (> ₹2 lakh), max ₹5 lakh tak. ▫️ Shareholders aur Policyholders: Min 2 lots (> ₹2 lakh). 🔸 QIBs aur NIIs ko bhi 2 lots se zyada ka application lagana hoga. 📅 Transition Period: ▫️ June 30, 2025 tak jo IPOs open honge unmein purana ya naya dono process chal sakta hai. ▫️ Spillover cases mein yeh July 11, 2025 tak chalega. ▫️ July 1, 2025 se sirf naya process valid hoga. --- Yeh changes SME IPO process ko zyada transparent aur investor-specific banane ke liye kiye gaye hain.