Noting that number of start-ups in the country are growing at a rapid pace, Sebi chairman UK Sinha on Tuesday said the new guidelines by the capital market regulator will help these firms list on the capital markets in a “painless and easy” manner.
The Sebi chief said that in the next six months of this fiscal a number of start-ups would take advantage of these norms to get listed on bourses in a hassle-free way.
“In India, technological start-ups have crossed 3,000 and the way the new start-ups are coming up at the rate of almost 800-1,000 per year, I think we would cross 10,000 start-ups by 2020,” Sinha said here. “I am sure a very painless easy method of listing of these start-ups has been provided...In the next six months of the financial year a number of them would be able to take advantage of it,” he added.
Sinha was speaking at the launch of SIDBI’s India Aspiration Fund by Finance Minister Arun Jaitley to boost start fund-of-funds ecosystem in the country.
Recently, Securities and Exchange Board of India (Sebi) had notified new set of listing norms for start-ups including e-commerce ventures, on a separate platform of domestic stock exchanges.The Sebi chief also noted that though more focus has been on the public markets in the country, it is important to realise the role which the venture capital industry can play.