The changes have been made to the framework for listing on the Innovators Growth Platform (IGP), according to two separate notifications issued on Wednesday.
With an aim to boost listing of start-ups, markets regulator SEBI has notified a slew of relaxations to norms, including reducing holding period for pre-issue capital and allowing discretionary allotment to eligible investors.
The changes have been made to the framework for listing on the Innovators Growth Platform (IGP), according to two separate notifications issued on Wednesday.
This comes after the board of SEBI approved a proposal in March in this regard.
Other relaxations include easing delisting requirements and relaxation in guidelines for migrating to main board.
This is aimed at making the platform more accessible to companies in view of the evolving start-up ecosystem.
The regulator has reduced the period of holding of 25 % of pre-issue capital of the issuer company by eligible investors to one year from the…
