Green Tech Solutions, is a Tech Start-up Company. It develops eco-friendly energy storage systems. Founded in 2022, its promoters are focused on products relating to sustainable technology to reduce carbon footprints in

Criteria for listing of Start-up companies on recognised stock exchanges in IFSC: In terms of Regulation 50 of the International Financial Services Centres Authority (Issuance and Listing of Securities) Regulations, 2021, a start-up fulfilling the following criteria shall be eligible to list on the recognised stock exchanges in IFSC, with or without making a public offer: The offer document of the company should be filed within a period of ten years from the date of incorporation/registration; The annual turnover of the company for any of the financial years since incorporation/registration should not have exceeded USD twenty million; and The company is working towards innovation, development or improvement of products or processes or services, or it is a scalable business model with a high potential of employment generation or wealth creation. Salient features related to Direct Listing and Minimum Subscription: The salient features for the framework for listing of start-up and SME companies related to listing of Direct Listing and Minimum subscription are as follows: Direct Listing The start-ups and SMEs are permitted to list on the recognised stock exchanges in IFSC without public offer. This would encourage start-ups (including Fintech companies) to list in IFSC and would be a step towards developing IFSC as a hub for Fintech companies. Regulation 55 of the IFSCA (Issuance and Listing of Securities) Regulations, 2021 states that the company shall file the information document along with the prescribed fees. The lead manager(s) shall submit a due diligence certificate along with the information document. The issuer shall simultaneously file the information document with the recognised stock exchange(s). Minimum subscription Regulation 63 of the International Financial Services Centres Authority (Issuance and Listing of Securities) Regulations, 2021 requires the minimum number of subscribers as 50 or as may be satisfied by the IFSC Authority and that at least 75% of the offer size should be subscribed for the offer to be successful.