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of <h1>SEBI Updates Guidelines: New QIP Framework Boosts Fund-Raising for Compliant Listed Companies in India.</h1> The circular introduces amendments to the SEBI (Disclosure and Investor Protection) Guidelines, 2000, establishing a framework for 'Qualified Institutions Placement' (QIP) to enhance fund-raising capabilities for listed companies in India. Companies with nationwide trading terminals and compliant with public shareholding norms can issue specified securities to Qualified Institutional Buyers (QIBs), excluding promoters. The securities must be fully paid up at allotment and convertible within 60 months. The issue size is capped at five times the issuer's net worth per financial year. Placement documents must disclose material information and be available online, while merchant bankers oversee compliance and due diligence.
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