Whether these entities are eligible or not to make initial public offer ? Answer with reasons in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The issuer has changed the name

Eligibility: Not Eligible Reason: As per Regulation 6(1)(d) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, if an issuer has changed its name within the last one year, it shall be eligible to make an initial public offer only if at least 50% of the revenue, calculated on a restated and consolidated basis, for the preceding one full year has been earned by it from the activity indicated by its new name. In the given scenario, the issuer has earned only 40% of the revenue from the activity in the new name, which is less than the required 50%. Therefore, the entity is not eligible to make an initial public offer.