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<h1>Regulation 106Y: Eligibility Criteria for Listing on Institutional Trading Platform under SEBI Regulations</h1> Regulation 106Y outlines the eligibility criteria for entities to list on the institutional trading platform under SEBI regulations. Eligible entities include those utilizing technology, intellectual property, or biotechnology, with at least 25% of pre-issue capital held by qualified institutional buyers (QIBs), or other entities with 50% QIB ownership. Post-issue, no individual or group can hold 25% or more of the share capital. Previously, eligibility focused on small and medium enterprises meeting specific financial, regulatory, and investment criteria, such as not being listed as willful defaulters, having no winding-up petitions, and receiving certain investments or financing.