The following entities shall be eligible to be considered as accredited investors for the purpose of innovators growth platform:
(i) any individual with total gross income of fifty lakhs rupees annually and who has minimum liquid net worth of five crore rupees; or
(ii) any body corporate with net worth of twenty five crore rupees.
- Not more than ten per cent of the pre-issue capital may be held by Accredited Investors.
- For the purpose of accreditation: The persons /corporate bodies who wish to get accreditation for the purpose of innovators growth platform, shall approach the stock exchanges or depositories and follow the procedures prescribed by the Board and / or such stock exchange or depository for the purpose of accreditation as an Accredited Investor, from time to time.
An issuer shall be eligible for listing on the institutional trading platform if none of the
promoters or directors of the issuer company is a fugitive economic offender.