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Corporates Listing@MSE Debt Private Placement

Private Placement

Private Placement of Debt Instruments is a process by which Corporates, Banks and Government Institutions issue securities (Non-Convertible Bonds, Government Securities, Debentures) to a selected group of Investors.

As per the Bye Laws of the Exchange all Government Securities including Treasury Bills shall be deemed to have been admitted to dealing on exchange as and when they are issued. The easing of listing and disclosure norms by the Securities and Exchange Board of India (SEBI) has increased the popularity of privately placed debt instruments. SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and amendments thereon govern issue of debt securities

Process for listing and service standards

1

Pre Issue Stage - Filling of Draft Offer Document

  • Documents to be submitted as per Pre Issue checklist
2

In Principle Approval

  • Verification of Eligibility Criteria
  • Verification of documents
  • Due Diligence
  • In Principle Approval
3

Issue Opeaning

  • Application and documentation
  • 1 % Security Deposit of the issue size if MSE if designated Stock Exchange
4

Post Issue Requirement

  • Documents to be submitted as per post issue checklist
  • Basis of Allotment
  • Listing aplication and signing of Listing Agreement
  • Credit confirmation from CDSL / NSDL
  • Exchange to issue Final Listing and Trading Approval

Eligibility Criteria

  • The Issuer shall be in compliance with Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 and amendments thereof.
  • The issuer shall inter-alia agree to comply with the following:
    • Companies Act, 1956
    • Securities Exchange Board of India Act, 1992
    • Securities Contracts (Regulations) Act, 1956
    • Securities Contracts (Regulations) Rules, 1957
    • Any other acts/rules/circulars/guidelines issued by SEBI and any other law, acts/rules/guidelines/directions of Central Government, other Statutory or local authority issued on regulating the listing of debt instruments from time to time
  • The Issuer qualifies for listing under the respective Acts, Rules or Regulations under which the securities are issued.
  • The Issuer has obtained credit rating from at least one credit rating agency registered with the SEBI.

Disclaimer: Over and Above the criterion as mentioned, the Exchange may use its discretion for Listing of Securities of the Issuer(s). Further, the Exchange strictly reserves its rights for grant of approvals

Listing Application & Listing Agreement

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