A much awaited and wonderful move from SEBI: Small firms and start-ups will be able to raise public money and trade their shares on exchanges without an initial public offering (IPO), India’s capital market regulator said on Thursday, a move that will help these companies and bring relief to private equity (PE) and venture capital (VC) funds that typically fund such firms and have been looking for easier exit options. According to Sebi, only companies that are younger than 10 years and whose revenues haven’t exceeded Rs.100 crore in any year can list on the ITP. The paid-up capital of such SMEs and start-up firms must be below Rs.25 crore.
Posted on: Fri, 25 Oct 2013 05:53:54 +0000
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