| | LISTING REQUIREMENTS FOR NEW COMPANIES - The Governing Board of the Exchange at its meeting held on 16th November,2000 has decided that for new companies whose draft offer documents are received w.e.f. 1st December, 2000 the threshold limit for listing on this Exchange will be issued equity capital of Rs.10 crores and post issue networth ( equity capital + free reserves excluding revaluation reserve) of Rs.20 crores.
- The Governing Board of the Exchange has also decided that for new companies in high technology ( i.e. information technology, internet, e-commerce, telecommunication, media including advertisement, entertainment etc.) whose draft offer documents are received w.e.f. 1st December,2000, the following criteria will be applicable :
- The total income/sales from the main activity, which should be in the field of information technology, internet, e-commerce, telecommunication, media including advertisement, entertainment etc. should not be less than 75% of the total income during the two immediately preceding years as certified by the Auditors of the company.
- The minimum post-issue paid-up equity capital should be Rs.5 Crores.
- The minimum market capitalisation should be Rs.50 Crores. (The capitalisation will be calculated by multiplying the post issue subscribed number of equity shares with the Issue price).
- Post issue networth ( equity capital + free reserves excluding revaluation reserve) of Rs.20 Crores.
J. J. Bhatt
Director(Investors Service & Listing)
21st November, 2000 | |
