Sebi tightens SME IPO rules
Financial Express Pune|December 19, 2024
SEBI cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE), increasing the HVDLE identification threshold from ₹500 cr to ₹1,000 cr (aligning with large corporates), and introduced a sunset clause governing debt-listed securities corporate governance. Ease of doing business norms for asset management companies, SM REITs, and AI use by market infrastructure institutions (MIIs) were also ratified. The application size (₹1 lakh) and minimum investor number remained unchanged.

SEBI also cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE) by increasing the threshold for identification of HVDLE from ₹500 cr to ₹1,000 cr, aligning it with that of large corporates, and introduced a sunset clause governing corporate governance of debt-listed securities.

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