You are here: Home » Markets » News
Business Standard

Sebi amends InvITs rule; specifies draft filing fees for IPO, rights issue

Capital markets regulator Sebi came out with a new norm to implement draft filing fees to be paid by infrastructure investment trusts (InvITs) for initial offer and rights issue.

Topics
SEBI | InvITs

Press Trust of India  |  New Delhi 

Sebi
Sebi

Capital regulator came out with a new norm to implement draft filing fees to be paid by infrastructure investment trusts (InvITs) for initial offer and rights issue.

Now are required to pay non-refundable filing fees of 0.1 per cent in case of initial offer and 0.05 per cent in case of rights issue of the total issue size, including green shoe option, at the time of filing of draft placement memorandum or offer letter with respect to private placement, said in a notification uploaded on its website on Tuesday.

Earlier, the InvIT was required to pay non-refundable filing fees of 0.1 per cent of the total issue size, irrespective of the type of issue.

To give this effect, the Securities and Exchange Board of India (Sebi) has amended InvIT rules.

are relatively new investment instruments in the Indian context but extremely popular in global . It comprises a portfolio of infrastructure assets such as highways, power transmission assets.

A total of Rs 21,195 crore was collected through in 2021-22. The funds were raised through initial offer, preferential issue, institutional placement and rights issue. The total fundraise also included money collected by unlisted InvITs.

At present, 15 InvITs are registered with and seven of them are listed on the stock exchanges.

InvITs are innovative and smart ways for developers to monetise part of their commercial and infrastructure assets. These are otherwise long gestation assets and these vehicles provide an opportunity to release capital to reinvest in new projects.

For investors too, this provides an avenue to participate in income-generating assets which are otherwise beyond one's reach given the size and complexity of managing operations.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, May 10 2022. 17:07 IST
RECOMMENDED FOR YOU
.