munka istentisztelet
899 Points
Joined April 2011
a company that is going to offer an ipo is recquired to comply with the following guidelines issued by SEBI........
1) the post issue paid up capital must not be less than rs 10 crore,
2) Net tangible assets of at least Rs.3.00 Crore in each of preceding 3 full year (Full 12 months each) of which not more than 50% is held in monetary assets; if excess, than the company must have firm commitment to deploy such excess monetary assets in business or project
3) Company must have track record of distributable profits for at least 3 years out of immediately preceding 5 years
4) Company must have net worth of Rs.1 Crore in preceding 3 years (full 12 months each
5) If name of the Company has been changed in last 1 year, 50% income of the Company must be earned from the activity suggested by new name