Minimum public offer requirements require foreign-incorporated issuers to maintain prescribed public allotment and continuing public shareholding levels.

Minimum public offer and public shareholding requirements distinguish Indian-incorporated and foreign-incorporated issuers. Issuers incorporated in India, including in an IFSC, must comply with the applicable minimum public offer, public allotment and minimum public shareholding norms. Issuers incorporated outside India must offer and allot at least ten per cent of post-issue capital to the public and continuously maintain public shareholding at that level.

---

---

---