Issue of Indian Depository Receipts requires eligibility thresholds, prior SEBI approval, prescribed disclosures and domestic listing and custodian arrangements. Rule 13 requires foreign issuers to meet capital, market capitalization, trading history and profit track record thresholds and obtain home country approvals where required. Issuers must secure prior written SEBI approval by filing a draft prospectus and due diligence report through a Merchant Banker, appoint a Domestic Depository, Overseas Custodian and Merchant Banker, deliver underlying equity to the custodian, obtain in principle domestic listing, pay prescribed SEBI fees, and file a certified prospectus containing specified disclosures and audited or certified financial reports.