SEBI relaxes listing and fund-raising norms for start-ups - Grant Thornton

"We welcome the new guidelines for creating a new ITP for start-ups and technology companies which will propel these companies to consider India as an option for listing, something which they had ignored due to the difficulties in complying with the guidelines. SEBI has incorporated several measures to ensure that these companies find the listing process smooth and simple and at the same time has created a barrier so that only high net worth individuals who would have the ability to judge the quality of such companies and take risk participate in the process. List in India is a new slogan for SEBI which is in line with the Make in India policy of Government of India. Whilst there may be elements of the guidelines which may need relook based on experience, we believe this is a great start. US has also developed such guidelines recently and SEBI has done it in parallel practically which shows its foresightedness. We expect that the start-ups take note of this and will actively consider and list in India so that the wealth generation from this segment is available to Indians. We believe there is a good appetite among start-ups to consider listing in India."

Source : Equity Bulls

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