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Public Issue

Debt Market

Debt Market is an avenue for Indian Corporates where they can do public issue of debt securities which include issuance of Non-Convertible Bonds / Debentures. These may be issued by Corporates, Financial Institution, and Public Sector Unit.

SEBI Regulation prescribes that all public issue of Debt Securities are required to be listed on one or more recognized Stock Exchanges. SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and amendments thereon govern public issue of debt securities.

1

Pre Issue Stage - Filling of Draft Offer Document

2

In Principle Approval

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

Issue Opening

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

Post Issue Requirement

  • 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 circulars/guidelines issued by SEBI and any other law, 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.

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