Guest
Welcome, Guest

Login/Register

Bookmark Bookmark

Sebi to relax listing norms for start-ups, rename it Innovators Growth Platform

Sebi to relax listing norms for start-ups, rename it Innovators Growth Platform

The Securities and Exchange Board of India (Sebi) has lined up a slew of relaxations for new-age ventures to kick-start listing of start-ups in India in a big way.

The regulator has proposed to rename Institutional Trading Platform (ITP) as Innovators Growth Platform (IGP)

It suggests IGP be designated as a main board platform for startups

The policy change is being made in view of the evolving Indian startup ecosystem, maintains Sebi.

Road Ahead

The Sebi has proposed that IGP would be designated as a main board platform for startups with an option to trade under regular category after completion of one year of listing.

Current rules say an entity listed on ITP can migrate to the main board after expiry of three years from the date of listing.

Sebi has also proposed to reduce the minimum trading lot size to $2.7K (INR 2 lakh) from the existing $13.6K (INR 10 lakh), also proposed to minimise number of allottees to 50 from the existing 200.

Besides, it has also proposed 10 crores as minimum net offer size to public.

You might be interested:

Ranji Trophy: Ajay Rohera creates world record for highest first-class debut score

 Ranji Trophy: Ajay Rohera creates world record for highest first-class debut score Madhya Pradesh opener Ajay Rohera created history on 08 Dec 2018 by slamming the highest first-class score on d ...

8 months ago

Govt notifies commonly used medical devices as drugs

Govt notifies commonly used medical devices as drugs The Union Government has notified four commonly used medical devices including nebulisers, blood pressure monitors, digital thermometers and glucom ...

8 months ago

Daily News Digest:09 December 2018

Mexico's Vanessa Ponce de Leon wins Miss World 2018The winner of Miss World 2018 is Miss Mexico Vanessa Ponce De Leon. Manushi Chhillar who was Miss World 2017, crowned her successor. 118 contest ...

8 months ago

Banking Digest, 10 December 2018

National Water from River Cauvery is supplied to - Karnataka, Tamil Nadu, Kerala and Puducherry. International On December 9, a meeting of the Organization of Petroleum Exporting Countries (OP ...

8 months ago

One Liners of the Day, 10 December 2018

National Water from River Cauvery is supplied to - Karnataka, Tamil Nadu, Kerala and Puducherry. International On December 9, a meeting of the Organization of Petroleum Exporting Countries (OPEC) w ...

8 months ago

OPEC agrees to cut oil production

OPEC agrees to cut oil production Moving to prop up prices, OPEC and its oil-producing allies agreed on 07 Dec to cut production by 1.2 million barrels a day despite pressure from President Trump to m ...

8 months ago

Provide your feedback on this article: