With innovator growth platform, Sebi eases startup listing norms

Proposed innovator growth platform will be part of the main exchange

Market regulator Securities and Exchange Board of India (Sebi) has recommended radical changes to make the existing institutional trading platform (ITP), which was introduced in 2015 to enable listings of new-age companies and startups.

In a consultation paper on Friday, Sebi has proposed to ease the eligibility criteria and also provide relaxations in other areas such as lower minimum application size and more discretion in share allocation to investors.

Sebi has also renamed the ITP as innovator growth platform (IGP). The regulator has said the IGP can be designated as the main board platform. Further, start-ups listing on IGP should