This document provides an overview of the listing process for securities on the stock exchange. It discusses the introduction and definition of listing, the qualifications needed for listing, and the merits and demerits of listing. It also describes the pre-listing and post-listing procedures that must be followed, including filing various applications, meeting disclosure requirements, and obtaining necessary approvals. The key steps in the listing process include filing a draft red herring prospectus with SEBI and the exchange, setting the price band, filing the final prospectus, carrying out the initial public offering, and obtaining final listing approval to commence trading on the exchange.
Capital Market is divided into two division; Primary Market and Secondary Market. Primary Market and its components are briefly described in this presentation.
Capital Market is divided into two division; Primary Market and Secondary Market. Primary Market and its components are briefly described in this presentation.
This presentation is on Security Exchange Board (SEBI) which gives the brief about the SEBI with its objective, function, details about the chairman, rules
Listing agreement and Listing RequirementsGurpreet Singh
Presentation on Listing agreement and Listing Requirements of NSE and BSE. a comparative analysis of requirements. NSE and BSE both share these guidelines for investors.
Secondary Market, Primary Vs Secondary, Stock Exchanges, Listing of Securities, Trading Systems in Stock exchanges, Qualifications of Listing,Delisting, Orders, types of Orders,
OTCEI meaning, OTCEI definition, OTCEI features, OTCEI objective, parties in OTCEI, OTCEI promoters, benefits of listed company in OTCEI, benefits of investors in OTCEI,
PPT ON BOMBAY STOCK EXCHANGE ABOUT STOCK EXCHANGE FUNCTIONS INTRODUCTION COMPANIES UNDER BSE CHEIF OFFICER AWARDS OPPORTUNITIES
GROUP ASSIGNMENT OF STOCK AND COMMODITY MAEKET GROUP ASSIGNMENT HOPE U LIKE IT
The chapter comprises of Primary Market - Its Role and Functions; Issue of Capital - Methods of Issuing Securities in Primary Market, Intermediaries in New Issue Market - Merchant Bankers, Underwriters, Brokers, Registrars and Managers Bankers; Pricing of Issue - Book Building, Green Shoe Option, Procedure for New Issues and SEBI Guidelines for Issue in Primary Market.
The primary market is where securities are created. It's in this market that firms sell (float) new stocks and bonds to the public for the first time. An initial public offering, or IPO, is an example of a primary market.
These trades provide an opportunity for investors to buy securities from the bank that did the initial underwriting for a particular stock.
An IPO occurs when a private company issues stock to the public for the first time.
Companies and government entities sell new issues of common and preferred stock, corporate bonds and government bonds, notes, and bills on the primary market to fund business improvements or expand operations. Although an investment bank may set the securities' initial price and receive a fee for facilitating sales, most of the funding goes to the issuer. Investors typically pay less for securities on the primary market than on the secondary market.
A rights offering (issue) permits companies to raise additional equity through the primary market after already having securities enter the secondary market. Current investors are offered prorated rights based on the shares they currently own, and others can invest anew in newly minted shares.
Companies can raise capital at relatively low cost, and the securities so issued in the primary market provide high liquidity as the same can be sold in the secondary market almost immediately.
The primary market is an important source for mobilisation of savings in an economy. Funds are mobilised from commoners for investing in other channels. It leads to monetary resources being put into investment options.
Chances of price manipulation in the primary market are considerably less when compared to the secondary market. Such manipulation usually occurs by deflating or inflating a security price, thereby deliberately interfering with fair and free operations of the market.
The primary market acts as a potential avenue for diversification to cut down on risk. It enables an investor to allocate his/her investment across different categories involving multiple financial instruments and industries.
It is not subject to any market fluctuations. The prices of stocks are determined before an initial public offering, and investors know the actual amount they will have to invest.
This presentation is on Security Exchange Board (SEBI) which gives the brief about the SEBI with its objective, function, details about the chairman, rules
Listing agreement and Listing RequirementsGurpreet Singh
Presentation on Listing agreement and Listing Requirements of NSE and BSE. a comparative analysis of requirements. NSE and BSE both share these guidelines for investors.
Secondary Market, Primary Vs Secondary, Stock Exchanges, Listing of Securities, Trading Systems in Stock exchanges, Qualifications of Listing,Delisting, Orders, types of Orders,
OTCEI meaning, OTCEI definition, OTCEI features, OTCEI objective, parties in OTCEI, OTCEI promoters, benefits of listed company in OTCEI, benefits of investors in OTCEI,
PPT ON BOMBAY STOCK EXCHANGE ABOUT STOCK EXCHANGE FUNCTIONS INTRODUCTION COMPANIES UNDER BSE CHEIF OFFICER AWARDS OPPORTUNITIES
GROUP ASSIGNMENT OF STOCK AND COMMODITY MAEKET GROUP ASSIGNMENT HOPE U LIKE IT
The chapter comprises of Primary Market - Its Role and Functions; Issue of Capital - Methods of Issuing Securities in Primary Market, Intermediaries in New Issue Market - Merchant Bankers, Underwriters, Brokers, Registrars and Managers Bankers; Pricing of Issue - Book Building, Green Shoe Option, Procedure for New Issues and SEBI Guidelines for Issue in Primary Market.
The primary market is where securities are created. It's in this market that firms sell (float) new stocks and bonds to the public for the first time. An initial public offering, or IPO, is an example of a primary market.
These trades provide an opportunity for investors to buy securities from the bank that did the initial underwriting for a particular stock.
An IPO occurs when a private company issues stock to the public for the first time.
Companies and government entities sell new issues of common and preferred stock, corporate bonds and government bonds, notes, and bills on the primary market to fund business improvements or expand operations. Although an investment bank may set the securities' initial price and receive a fee for facilitating sales, most of the funding goes to the issuer. Investors typically pay less for securities on the primary market than on the secondary market.
A rights offering (issue) permits companies to raise additional equity through the primary market after already having securities enter the secondary market. Current investors are offered prorated rights based on the shares they currently own, and others can invest anew in newly minted shares.
Companies can raise capital at relatively low cost, and the securities so issued in the primary market provide high liquidity as the same can be sold in the secondary market almost immediately.
The primary market is an important source for mobilisation of savings in an economy. Funds are mobilised from commoners for investing in other channels. It leads to monetary resources being put into investment options.
Chances of price manipulation in the primary market are considerably less when compared to the secondary market. Such manipulation usually occurs by deflating or inflating a security price, thereby deliberately interfering with fair and free operations of the market.
The primary market acts as a potential avenue for diversification to cut down on risk. It enables an investor to allocate his/her investment across different categories involving multiple financial instruments and industries.
It is not subject to any market fluctuations. The prices of stocks are determined before an initial public offering, and investors know the actual amount they will have to invest.
On 27th April 2012, Ms Anjali Aggarwal, AVP, Corporate Professionals delivered a lecture on “Role of CS in SME Exchange”, at ICSI South Delhi Study Circle. In her presentation, she covered not just the procedural nitty gritties for SME listing, but also the intent of the law makers behind the same. She also laid emphasis on how the Company Secretaries can play a pivotal role in an SME listing.
This material is for PGPSE / CSE students of AFTERSCHOOOL. PGPSE / CSE are free online programme - open for all - free for all - to promote entrepreneurship and social entrepreneurship PGPSE is for those who want to transform the world. It is different from MBA, BBA, CFA, CA,CS,ICWA and other traditional programmes. It is based on self certification and based on self learning and guidance by mentors. It is for those who want to be entrepreneurs and social changers. Let us work together. Our basic idea is that KNOWLEDGE IS FREE & AND SHARE IT WITH THE WORLD
This material is for PGPSE / CSE students of AFTERSCHOOOL. PGPSE / CSE are free online programme - open for all - free for all - to promote entrepreneurship and social entrepreneurship
Rights Issue -When a listed company proposes to issue fresh securities to its existing shareholders, as on a record date, it is called as a rights issue. The rights are normally offered in a particular ratio to the number of securities held prior to the issue. This route is best suited for companies who would like to raise capital without diluting stake of its existing shareholders.
Preferential Issue - A Preferential Issue is an issue of shares or of convertible securities by listed companies to a select group of persons under Section 81 of the Companies Act, 1956, that is neither a rights issue nor a public issue. This is a faster way for a company to raise equity capital. The issuer company has to comply with the Companies Act and the requirements of SEBI guidelines, which include pricing, disclosures in notice etc.
It is an Study of Performance evaluation of Highest Grossing Bollywood Films on the Basis of Revenue Collection and created one formula to know actual top Bollywood movies with the help of gold prices which show or reflect the inflation. And through this study i found top 10 Bollywood movies.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Monthly Economic Monitoring of Ukraine No. 232, May 2024
listing of securities in Indian Stock Market Nse and Bse
1. PRESTIGE INSTITUTE OF
MANAGEMENT AND REASEARCH
SUBMITTED TO
PROF. SARFARAJ ANSARI
“ Listing of Securities”
SUBMITTED BY:
AYUSH YADAV
2. CONTENTS
Introduction of listing
Merits and demerits of listing.
Qualification of listing.
Listing procedure.
1. pre listing procedure
2. post listing procedure
4. INTRODUCTION
Listing refers to the admission of security of a public
limited company on a recognized stock exchange for
trading.
A company, desirous of listing its securities on the
Exchange , shall be required to file an application in a
prescribed form to the exchange before issuing
“prospectus” or “offer for sale” by the company.
The company shall be responsible to fallow all the
requirement specified in the Companies Act and the
listing norms issued by SEBI.
5. MERITS AND DEMERITS OF LISTING
Merits :-
1. Liquidity.
2. Timely Disclosure of Corporate Information.
3. Ability to raise further capital.
4. Fair Price for the Securities.
Demerits :-
1. Control.
2. Discloser.
3. Cost
6. MERITS OF LISTING
Liquidity :-Listing provides an opportunity to the
corporate / entrepreneurs to raise capital to fund new
projects/undertake expansions/diversifications and for
acquisitions. Listing also provides an exit route to private
equity investors.
Timely Disclosure of Corporate Information:-The
listing agreement signed with the exchange provides for
timely disclosure of information relating to dividend,
bonus and right issues, book closure, facilities for transfer,
company related information by the company. Thus
providing more transparency and building investor
confidence.
7. Merits of listing
Ability to raise further capital:-An initial listing
increases a company's ability to raise further capital
through various routes like preferential issue, rights
issue etc.
Fair Price for the Securities:-The prices are publicly
arrived at on the basis of demand and supply; the
stock exchange quotations are generally reflective of
the real value of the security. Thus listing helps
generate an independent valuation of the company by
the market.
8. DEMERITS OF LISTING
Control - An IPO automatically implies a change in
the structure of ownership. A private business owner
may have complete control over a business but as soon
as it becomes a public company, other organisations
and individuals have the right to express an interest
and in some cases, to direct decision making.
9. DEMERITS OF LISTING
Disclosure - A public company has an obligation to inform
the public, through the authorities, of what's going on
although this doesn't always work as well in practice as it
does in theory. Any developments that may affect the share
price must be disclosed.
Cost - Listing a company isn't cheap either. There's the
extra cost of disclosure, the annual and other reports to
shareholders, not to mention the costs involved with
listing. These additional expenses need to be carefully
considered when analysing a prospectus as they can
consume a substantial portion of the amount being raised.
10. QUALIFICATION FOR LISTING
Minimum issued capital :- 10 corers.
Payment of excess application money:- 15% after 30
days.
Listing on the multiple stock exchanges:- paid up
capital 5 corers, compulsory listing on more than one
exchange.
Requirement of 1% securities to the designated stock
exchange.
Payment of listing fees.
11. PRE LISTING PROCEDURE
File DRHP with SEBI and SE
Obtain SEBI Observations (within 30 days)
Carry out the changes in the DRHP
Obtain No-Objection from SEBI (generally 2-5 days)
Decide Price Band
File RHP with ROC and also with SEBI for info.
Obtain ROC Approval with / without changes (generally 1-3
days)
Decide Issue Opening and Closing Date (minimum 3 days
as per ICDR)
Give Go-ahead to Printers and Mailers Advertisements /
Publicity ….cont.
12. PRE LISTING PROCEDURE
Issue Opens, Closes.
Obtain Provisional Certificates from bankers to the Issue
(generally 2 working days).
Obtain Final Certificate from bankers to the Issue
(generally 3 working days)
Run rejections with Registrar to the Issue, in presence of
MB (1 day)
Prepare Basis of Allotment (1 day)
File Basis of Allotment with DSE (Designated Stock
Exchange) Obtain Approval (1-3 days)
Intimate NSDL & CDSL for credit of Shares
13. PRE LISTING PROCEDURE
Simultaneously do the Refunds Obtain
Credit Certificate from NSDL & CDSL
File Listing Application Obtain Listing and Trading
Permission.
The necessary formalities for listing and
commencement of trading at all stock exchanges
where the securities are to be listed are taken within
seven working days of finalisation of basis of
allotment;
14. POST LISTING PROCEDURE
Upon obtaining Listing and Trading Approvals, the
merchant banker confirms to the Bankers to the Issue
by way of copies of listing and trading approvals that
all formalities in connection with the issue have been
completed and that the banker is free to release the
money to the issuer.
15. LISTING APPLICATION
Listing Application
Listing Application
Form Listing Agreement
Annexure
Listing Fee
Security Deposit under Cl. 42 of LA
16. ANNEXURE REQUIRED
Basis of Allotment
Advt. Copies
Shareholding patterns
List of Top Shareholders
Material Contracts and Documents
PCS/CA Certificates
17. ON THE DAY OF SUBMISSION OF
LISTING APPLICATION
Be on TIME
Try to be calm
Be prepared with the numbers
KNOW What you file
Be honest
Don’t try to outsmart them
18. TILL LISTING IS DONE
Till the commencement of listing and trading of the
specified securities offered through the Issue, all the
material development in respect of the issuer shall be
informed through public notices/ advertisements in all
those newspapers in which pre-issue advertisement
and advertisement for opening or closure of the issue
have been given.
19. FAILURE TO GET LISTING APPROVAL
The issuer shall refund the moneys raised in the issue
to the applicants, in case of failing to get listing
permission. The issuer shall pay requisite interest
amount if so required under the laws or direction or
order of the Board.
