Write notes on the following: Eligible issuers on the Institutional Trading Platform.
CS Executive · Capital Markets & Securities Laws · PYQS · December 2021
Write notes on the following: Eligible issuers on the Institutional Trading Platform.
Answer & Explanation:
The Institutional Trading Platform is now known as the Innovators Growth Platform (IGP). The following issuers are eligible for listing on the Innovators Growth Platform: Technology-Intensive Issuers: An issuer which is intensive in the use of technology, information technology, intellectual property, data analytics, bio-technology or nano technology to provide products, services or business platforms with substantial value addition shall be eligible for listing on the Innovators Growth Platform, provided that as on the date of filing of the draft information document or draft offer document with SEBI, as the case may be, twenty five per cent of the pre-issue capital of the Issuer Company for at least a period of one year, should have been held by Qualified Institutional Buyers / Innovators Growth Platform Investors for the purpose of Innovators Growth Platform/ Foreign Portfolio Investor/ Regulated Entities / Any other class of investors as specified by SEBI from time to time. No Fugitive Economic Offender: 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.
Topics: Listing of Securities