INSUBCONTINENT EXCLUSIVE:
With a view to boosting the startup environment, BSE is going to launch a platform for new-age companies from July 9.
The platform will
facilitate listing of companies from IT, ITeS, biotechnology and life science, 3D printing, space technology, e-commerce, Hi-tech defence,
drones, nano technology, artificial intelligence, big data, enhance/virtual reality, e-gaming, exoskeleton, robotics, holographic
technology, genetic engineering, variable computers inside body computer technology and any other hi-tech sectors.
"To provide further
incentive to companies which are 'startups' in sectors like IT, ITeS, biotechnology and life sciences, the exchange is pleased to announce
that the BSE Startup Platform has been enabled in the BSE SME Segment," BSE said in a circular.
To be eligible for listing on the BSE
Startup Platform, the pre-issue paidup equity share capital of the company should be minimum of Rs 1 crore
In addition to this, the company should be in existence for a minimum of three years on the date of filing of the draft prospectus with
BSE.
They should preferably have investments by QIB investors (as defined under Sebi ICDR Regulations, 2009) /angel investors for a minimum
of two years at the time of filing of draft prospectus with BSE and such aggregate investment should be at least Rs 1 crore and the company
should have a positive networth.
The company should not have been referred to National Company Law Tribunal (NCLT) under Insolvency and
Bankruptcy Code, 2016 and no winding up petition against it must have been accepted by the National Company Law Tribunal (NCLT).
"Companies
listing on the BSE Startup Platform will also follow all other conditions applicable for listing of SME Companies under Chapter XB of "SEBI
(ICDR) Regulations, 2009", relating to disclosures, migration to main Board, etc," BSE said.
