With an aim to list startups, which are making intensive use of technology and intellectual property, SEBI had introduced 'Innovators Growth Platform' in the SEBI (ICDR) Regulations, 2018. Considering the statement, answ

Such startups (issuer) shall comply with following conditions in terms of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 to get itself listed on Innovators Growth Platform - Listing is allowed with or without initial public offer. An issuer shall be eligible for listing on the Innovators Growth Platform if none of the promoters or directors of the issuer company is a fugitive economic offender. The issuer shall be in compliance with minimum public shareholding requirements specified in the Securities Contracts (Regulation) Rules, 1957. The minimum offer size shall be ₹ 10 crores in case of IPO. Minimum application size shall be ₹ two lakhs and in multiples thereof. Number of allottees in the initial public offer shall be at least fifty. Minimum trading lot shall be ₹ two lakhs and in multiples thereof.