Easier listing norms for start-ups soon
The SEBI has proposed to further relax norms for listing start-ups by allowing more investor categories, relaxing shareholding norms and reducing the trading lot amount. Accordingly, 25 per cent of the pre-issue capital should be held by qualified institutional buyers (QIBs) or other regulated entities or accredited investors for at least two years. Of this, not more than 10 per cent should be held by accredited investors. QIBs, family trusts with net worth of more than Rs 500 crore, category-III foreign portfolio investors shall be made eligible. The minimum trading lot has been reduced to Rs 2 lakh from the existing Rs 10 lakh.