In another slew of measures to simplify the IPO market, SEBI eased norms for IPOs. The temporary relaxations would be applicable for Further Public Offer (FPO) opening on or before March 31, 2021. The required average market capitalisation of public shareholding of the company has been reduced from Rs.1000 crore to Rs.500 crore. Even the period of compliance with the provisions of the listing regulations has been relaxed. These temporary relaxations will not be applicable for issuance of warrants.
In another slew of measures to simplify the IPO market, SEBI eased norms for IPOs. The temporary relaxations would be applicable for Further Public Offer (FPO) opening on or before March 31, 2021. The required average market capitalisation of public shareholding of the company has been reduced from Rs.1000 crore to Rs.500 crore. Even the period of compliance with the provisions of the listing regulations has been relaxed. These temporary relaxations will not be applicable for issuance of warrants.