Review of framework of Innovators Growth platform (IGP) under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Last updated: 16 December 2020

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The Securities and Exchange Board of India (SEBI) has released a consultation paper to gather feedback on the framework for its Innovators Growth Platform (IGP). This platform, established under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, is designed for technology-intensive start-ups. The IGP was introduced in 2019 as a successor to the Institutional Trading Platform (ITP), which had previously failed to attract sufficient interest.

Consultation Paper

Review of framework of Innovators Growth platform (IGP) under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

1. Objective

1.1. The objective of this discussion paper is to seek comments / views from various stakeholders including start-ups in particular, market intermediaries and the public on the framework of Innovators Growth platform (IGP) under Chapter X
of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the SEBI ICDR Regulations').

2. Background

2.1. In 2015, a new segment named as Institutional Trading Platform (ITP) was introduced by SEBI, with a view to facilitate listing of new age start-ups. However, the ITP framework failed to evince interest.

2.2. In 2019, SEBI attempted to revive the platform by introducing certain amendments to the ITP framework and renamed it as the Innovators Growth Platform (IGP).

2.3. IGP is aimed at issuers which are intensive in use of technology, information technology, intellectual property, data analytics, bio-technology or nanotechnology.

To know more in details, find the enclosed file

FAQ :

The consultation paper aims to gather comments and views from stakeholders, including start-ups, market intermediaries, and the public, on the framework of the Innovators Growth Platform (IGP).

The IGP is a platform under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, designed for issuers that are intensive in their use of technology, information technology, intellectual property, data analytics, bio-technology, or nanotechnology.

The IGP was introduced in 2019 when SEBI amended the framework of the Institutional Trading Platform (ITP).

The predecessor to the IGP was the Institutional Trading Platform (ITP), which SEBI introduced in 2015 to facilitate the listing of new-age start-ups.

The article states that the ITP framework failed to evince interest.

Attached File : 40_18946_1607950987799.pdf

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