Sebi mulls new norms to boost startup listing

The regulator has, in recent months, been engaging with various stakeholders, including startups, investors and industry bodies such as Nasscom and TiE to tweak the listing norms for startups.

The Securities and Exchange Board of India (Sebi) might come up with new guidelines to boost listing of startups in the main platform of the two major stock exchanges in India. 
 
People associated with the startup ecosystem told Businessline that the new guidelines are likely to come into force in two months.
 
Before creating norms, the capital market regulator held discussions with various stakeholders and also with industry bodies like Nasscom and TiE.
 
The regulator has, in recent months, been engaging with various stakeholders, including startups, investors and industry bodies such as Nasscom and TiE to tweak the listing norms for startups.
 
Sources told Businessline that the startups might be allowed to list on the SME (small and medium enterprises) platform of stock exchanges or on the main platform.
 
The regulator has tried three times to help startups, mostly tech-driven or enabled.
 
In August 2015, Sebi created Institutional Trading Platform (ITP), where startups could be listed. The platform, though, did not receive any support from startups.
 
After getting feedbacks from startups, the regulator proposed a few changes in 2016.
 
One change among all was the renaming of the ITP as High-tech Startup and Other New Business Platform, but the effort did not strike a chord with start-ups.
 
Source: Businessline
 

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