YOU ARE ON THE NEW NSE WEBSITE, ACCESS THE OLD WEBSITE ON THE URL www1.nseindia.com OR CLICK HERE
Accessibility
Feedback

Eligibility Criteria


The security proposed for listing on the Debt 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/ Commercial Paper Structured Product/ Market Linked Debentures
Corporates (Public limited companies and Private limited companies)
  • Paid-up capital of Rs.10 crores;

or 

  • Market capitalization 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
  • 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.
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)

Updated on: 09/01/2020 12:00
Quick Links