APPOINTMENT OF LEAD MANAGERS, OTHER INTERMEDIARIES AND COMPLIANCE OFFICER.Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
APPOINTMENT OF LEAD MANAGERS, OTHER INTERMEDIARIES AND COMPLIANCE OFFICER.Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
IPO eligibility requirements: thresholds for assets, profit and net worth; book-building and special rules for superior voting shares. Issuers must satisfy minimum thresholds for net tangible assets, operating profit and net worth on a restated and consolidated basis for each of the three ... Summary
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IPO eligibility requirements: thresholds for assets, profit and net worth; book-building and special rules for superior voting shares.
Issuers must satisfy minimum thresholds for net tangible assets, operating profit and net worth on a restated and consolidated basis for each of the three preceding full years, with limits on monetary assets and a revenue test where name changes occurred. Failure to satisfy these conditions permits an IPO only via book-building with a substantial institutional allocation and refund obligation if allocation commitments are not met. Additional constraints govern issuance and characteristics of superior voting SR equity shares, including technology-intensive business requirement, holding and authorization requirements, single class and voting-ratio limits, face-value parity, and prescribed net-worth limits for SR shareholders.
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