The security proposed for listing on the WDM segment of NSE should comply with the requirements as indicated hereunder:
| Issuer |
Eligibility Criteria for Listing |
| |
Public Issue / Private Placement |
| |
Non-Structured Product/Non-Market linked Debentures |
Structured Product/Market Linked Debentures |
| Corporates (Public limited companies and Private limited
companies) |
- Paid-up capital of Rs.10 crores;
or
- Market capitalisation of Rs.25 crores (In case of unlisted
companies Networth more than Rs.25 crores)
- Credit rating
|
- Networth of 100 crores
- Credit Rating prefix of ‘PP-MLD’ denoting Principal protected
market linked debentures followed by the standardized rating
symbols
|
| Public Sector Undertaking, Statutory Corporation
established/ constituted under Special Act of Parliament /State
Legislature, Local bodies/authorities, |
- Credit rating
- Qualifies for listing under the respective Acts, Rules or
Regulations under which the securities are issued.
|
- Networth of 100 crores
- Credit Rating prefix of ‘PP-MLD’ denoting Principal protected
market linked debentures followed by the standardized rating
symbols
- Qualifies for listing under the respective Acts, Rules or
Regulations under which the securities are issued.
|
| Mutual Funds: Units of any SEBI registered Mutual
Fund/scheme : Investment objective to invest predominantly in
debt or Scheme is traded in secondary market as debt instrument |
- Qualifies for listing under the respective Acts, Rules or
Regulations under which the securities are issued.
|
- Networth of 100 crores
- Credit Rating prefix of ‘PP-MLD’ denoting Principal protected
market linked debentures followed by the standardized rating
symbols
- Qualifies for listing under the respective Acts, Rules or
Regulations under which the securities are issued.
|
| Infrastructure companies : Tax exemption and recognition as
infrastructure company under related statutes/regulations |
- Credit rating
- Qualifies for listing under the respective Acts, Rules or
Regulations under which the securities are issued.
|
- Networth of 100 crores
- Credit Rating prefix of ‘PP-MLD’ denoting Principal protected
market linked debentures followed by the standardized rating
symbols
- Qualifies for listing under the respective Acts, Rules or
Regulations under which the securities are issued.
|
| Financial Institutions u/s. 4A of Companies Act, 1956
including Industrial Development Corporations |
- Qualifies for listing under the respective Acts, Rules or
Regulations under which the securities are issued.
- Credit rating
|
|
| Banks |
- Scheduled banks
- Networth of Rs.50 crores or above
- Qualifies for listing under the respective Acts, Rules or
Regulations under which the securities are issued.
|
- Networth of 100 crores
- Credit Rating prefix of ‘PP-MLD’ denoting Principal protected
market linked debentures followed by the standardized rating
symbols
- Qualifies for listing under the respective Acts, Rules or
Regulations under which the securities are issued.
|
An Issuer shall ensure compliance with SEBI
circulars/guidelines 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.
Download SEBI circulars (.zip)