Aug. 23, 2019

The SEBI Board has approved the norms for migration of companies listed on the Innovators Growth Platform (IGP) earlier called startups to regular trade category of the main board.

The key proposals approved by the Board are as follows:

  • The Company should have been listed on the Innovators Growth Platform for a minimum period of one year.

  • At the time of making the application for trading under regular category of main board, the number of shareholders should be minimum 200.

  • The company  should  have  profitability/  net worth  track  record  of  3  years  or have  75%  of  its  capital  as  on the  date  of  application  for  migration  held  by Qualified Institutional Buyers.

  • Minimum promoters contribution shall be 20% which shall be locked in for 3 years.