INNOVATORS GROWTH PLATFORM FRAMEWORK
- March 26, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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INNOVATORS GROWTH PLATFORM FRAMEWORK
Subject : Current Events
Context: Sebi makes it easier for startups to list on Innovators Growth Platform. It has reduced the requirement for issuers to have 25% of pre-issue capital held by eligible investors to one year from two years.
Concept :
- Securities and Exchange Board of India launched ‘Innovators Growth Platform’ erstwhile known as ‘Institutional Trading Platform’ for listing of issuers which are in intensive use of technology, information technology, intellectual property, data analytics, bio-technology or nano-technology to provide products, services or business platforms with substantial value addition.
- It is a platform on stock exchanges where start-ups can list and trade on their shares.
- It is a platform where listing norms such as IPO norms, pre-issue capital etc are eased for start up.