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Market regulator Securities and Exchange Board of India on Thursday issued detailed guidelines, including on eligibility criteria, for listing of start-ups and small and medium enterprises (SMEs) on stock exchanges without an Initial Public Offer.
The guidelines follow notification of new norms by Sebi earlier this month for permitting listing of start-ups and SMEs on the Institutional Trading Platform of SME Exchanges.
Through this new route, SMEs and start-ups would not need to make a public offer of securities for getting listed on the stock market.
The move would help SMEs and start-ups raise capital from the securities market during their early stages of growth.
