Booster dose for SMEs - Listing without an IPO
SEBI, with the intent to give a boost to the SME sector, has initiated a new trading platform for the SMEs and has issued notification on the modalities involved therein. The new Regulations shall be called SEBI (Listing of specified securities on Institutional Trading Platform) Regulations, 2013. According amendments have also been made in SEBI (ICDR) Regulations, SEBI (SAST) Regulations and SEBI Delisting Regulations. Through these amendments, SMEs would be able to get listed on the said Platform, without coming out with an IPO, thus doing away with many a costs and legal hassles.