Basic IPO Requirements
TRACK RECORD SEC 26 (1)
WITHOUT TRACK RECORD SEC 26
- Net tangible assets of at least Rs. 3 crore in last 3 years, of which ≤ 50% held in monetary assets. Min. Avg. pre-tax Operating Profits of Rs. 15 crore on Restated/Consolidated basis in 3 most profitable years out of 5 years.
- Net worth of at least Rs. 1 crore in each of the preceding 3 years.
- Aggregate of all issues in one financial year not to exceed 5 times issuer’s pre issue net worth as per AFS.
- In case of change of name in last 1 year, 50% revenues from activity suggested by new name.If an Issuer does not satisfy the condition of Sec 26 (1), they may make an IPO, if at least 75% of Net Offer to Public is allotted to QIBs.