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Public Issue by Listed Companies

All listed companies are eligible to make public issue of equity shares/securities convertible into, or exchangeable with equity shares at a later date on the condition that the issue size in terms of the aggregate of the proposed issue and all previous issues made in the same financial year (i.e. offer through offer document plus firm allotment plus promoters contribution through the other document) does not exceed 5 times its pre issue net-worth as per the audited balance sheet of the last financial year. In case of a change in the name of the issuer company within the last one rear (reckoned from the date of filing of the offer document), the revenue accounted for by the activity suggested by the new hall) should not be less than 50 per cent of its total revenue in the preceding one full year.

A listed company which does not fulfill the above conditions, would be eligible to make a public issue through book-building process with the same conditions as are applicable to unlisted companies.

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