1. Listing of securities

2. Listing of securities
• A financial instrument that is traded through an
exchange, such as the NSE, BSE or MCX. When a
private company decides to go public and issue
shares, it will need to choose an exchange on
which to be listed.
• Exchange's listing requirements and pay both the
exchange's entry and yearly listing fees.

3. Regulatory Framework…
• SEBI is referred as the market watchdog. It is so
to regulating the business of stock exchange,
registering stock brokers, sub broker, share
transfer agents, trustees of trust, merchant
bankers, underwriters, bankers to an issue,
portfolio manager and all such intermediary who
may be associated with the securities market in
any form.
• SEBI further registers and regulates depository
participants, venture capital firms, custodians of
securities, FII, mutual funds.

4. Basic entry norms for public issue..
• Net Tangible Assets of at least Rs.3 crore for 3 full
years.
• Distribution profits in at least 3 year out of 5 preceding
yr.
• Net worth of at least Rs.1 crore in 3 year.
• If change in the name of the company at least 50% of
revenue for preceding 1 year should be from the newly
renamed company activities.
• The issue size does not exceed 5 times the pre issue
net worth.

5. List of imp. Intermediary regulated by
SEBI
Merchant Bankers
Underwriters
Bankers to a public issue
Compliance officers
Syndicate Member
Custodian of securities
Credit Rating Agencies
Venture Capital/Private Equity Firms

6. Importance aspect of listing securities.
• Offer Document/ Red Herring Prospectus.
This is mandatory document that a company
which is proposing a public issue has to
prepare and submit it to SEBI for approval.
If SEBI approves the document then only offer
document made available for IPO.
Unless this document is not fully approved by
SEBI a company cannot conduct their public
issue.

7. Types of Issue..
1. Fixed Price
2. Book Building.
 Price Band
 Floor Price
 Cap Price
3. Rating of Issues

8. Category of Investors..
1. Retail Individual Bidders (RIB)
2. Non Institutional Bidders (NIB)
3. Qualified Institutional Bidders (QIB)

9. Allotment Procedures..
Oversubscription
Under Subscription
Fully Subscribed

10. Merits of listing
• Liquidity
• Best price
• Regular information
• Periodic reports
• Transferability
• Income tax benefit
• Wide publicity

11. Demerits of listing
• Listed companies are subjected to do various
regulatory measures of the stock exchange
and SEBI.
• Essential information has to be submitted by
the listed companies to stock exchange.
• Annual meeting and annual general report.
• Public offers is an expensive exercise.

12. Qualification for listing
• Minimum issued capital
• Payment of excess application money
• Listing on multiple exchanges
• The number of shareholders
• Appointment of market marker
• Articles of association
• Cost of public issues
• Advertisement

13. Qualification for listing
• Minimum subscription
• Applying mode
• Public offer size

14. Listing procedure
• Approval of Memorandum and Articles of
Association
• Approval of draft prospectus
• Submission of Application
• Listing conditions and requirements.

15. Listing fee

16. Delisting
• Some of the common cause of delisting are
given below:
• Compulsory
• Non payment of listing fee or violation of
listing agreement.
• Thin trading or thin shareholding base.
• Non redressal of grievances
• Unfair trade practice

17. Delisting
• Voluntary
• Unable to pay listing fee
• Business sick/suspended/closed.
• Capital base is small.
• Mergers , demerger ,amalgamations and
takeovers.

18. Thank you