Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2019 - SEBI/LAD-NRO/GN/2019/08 - SEBI
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Innovators growth platform expands listing eligibility and prescribes investor accreditation, minimum offer rules and allocation mechanisms. The amendments establish the innovators growth platform for listing technology intensive issuers, require specified investors to hold at least twenty five per cent of pre issue capital for two years as a condition of filing, define Accredited Investors and regulated investor eligibility including AML/CTF and registration criteria, prescribe accreditation procedures and caps on accredited investor holdings, and revise market mechanics including minimum public shareholding compliance, a prescribed minimum offer size, altered lot denominations, and proportionate allotment between institutional and non institutional investors.
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Innovators growth platform expands listing eligibility and prescribes investor accreditation, minimum offer rules and allocation mechanisms.
The amendments establish the innovators growth platform for listing technology intensive issuers, require specified investors to hold at least twenty five per cent of pre issue capital for two years as a condition of filing, define Accredited Investors and regulated investor eligibility including AML/CTF and registration criteria, prescribe accreditation procedures and caps on accredited investor holdings, and revise market mechanics including minimum public shareholding compliance, a prescribed minimum offer size, altered lot denominations, and proportionate allotment between institutional and non institutional investors.
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