15 startups to list on Indian bourses in 2019

More than a dozen tech start-ups could go public next year as SEBI relaxes norms to help them tap the capital market. Fifteen tech start-ups across segments have already shown interest in getting listed and have approached global entrepreneurship organisation TiE’s Mumbai chapter to hand-hold them with the listing process.

The market regulator, SEBI, is expected to issue the final and detailed guidelines on January 20.

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“About 15 start-ups have shown interest. Once SEBI comes out with the final guidelines in January, we will be able to share the names of a few start-ups. We are also planning a road-show in this regard soon,” Atul Nishar, Chairman of IT firm Hexaware and President of TiE Mumbai, told BusinessLine.

Nishar, who, as TiE Mumbai President, has been following up with SEBI, said that in framing the guidelines, the market regulator has considered almost all the proposals by the start-up and investor community.

Since 2015, when SEBI first came out with guidelines to help the new age companies raise equity on its ‘Institutional Trading Platform’ (ITP), not a single start-up has been listed.

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Now the platform is called ‘Innovator Growth Platform’ (IGP) and also relaxed the norms.

Under the new norms, a start-up, to be eligible for listing, should be using intensive technology, intellectual property, data analytics, bio-technology and nano-technology to provide products or services.

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