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of <h1>Indian Depository Receipts Must Meet Conditions: Minimum Issue Size, Application Details, Allocation Rules, and One Denomination</h1> An issue of Indian Depository Receipts (IDR) must meet specific conditions: the issue size must be at least fifty crore rupees, and the prospectus must detail the application procedure for each applicant class. The minimum application amount is twenty thousand rupees. At least fifty percent of IDRs must be allotted to qualified institutional buyers, while the remaining may be allocated to non-institutional and retail investors, including employees, with at least thirty percent reserved for retail investors. Only one denomination of IDR is allowed, and underlying equity shares must be listed in the home country and rank equally with existing shares.
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