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Step-wise procedure for listing of securities on the ITP
  1. Determine eligibility of the company to list on the ITP.
  2. The company should apply to the ITP in a specified format stating all the mandatory disclosures about the finances, assets, promoters and other necessary disclosures. List of documents to be submitted can be accessed here.
  3. The documents need to be approved by the board of directors and must be signed by
    • Managing Director and
    • the Chief Finance Officer or any other person who heads the finance function of the company.
  4. The disclosures will be published in the website of the stock exchange for a period of at least 21 days. However, this disclosure is much simpler and less onerous than in an IPO and has minimal regulatory intervention.
  5. The stock exchange may grant in-principle approval to such listing, and can list the securities once it has confirmed that the company has complied with applicable SEBI regulations and bye-laws of the stock exchange.
  6. The listed companies must compulsorily sign with both the central depositories - National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL).
When a company has received in-principle approval for listing of such securities, such company will be exempted from the requirement of minimum public shareholding of 25 percent. 

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