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of <h1>SEBI IPO Regulations: Eligibility Criteria for Issuers and Key Financial Requirements Explained</h1> The Securities and Exchange Board of India (SEBI) regulations outline eligibility criteria for an issuer to make an initial public offer (IPO). The issuer must have net tangible assets of at least three crore rupees for the past three years, a minimum average pre-tax operating profit of fifteen crore rupees during the three most profitable years out of the last five, and a net worth of at least one crore rupees for the past three years. The total issue size should not exceed five times the pre-issue net worth. Exceptions apply for offers made through book-building processes or if the offer is entirely an offer for sale. Additional provisions address convertible securities, name changes, and shareholding duration requirements.
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