Small IPOs to bypass Sebi

Come September and IPOs of companies with paid-up capital of up to Rs 25 crore will not require SEBI nod to raise capital.

Come September and IPOs of companies with paid-up capital of up to Rs 25 crore will not require SEBI nod to raise capital.

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“The companies with either market cap or paid up capital up to Rs 25 crore will only need exchange’s approval for listing,” said BSE head of product strategy Sayee Srinivasan.

By September, it was expected the BSE will be ready to launch the exchange facility to cater to small and medium enterprises.