Fast Track FPO Eligibility and Appointment Conditions

This set of vocabulary flashcards covers the eligibility conditions for a Fast Track Follow-on Public Offer (FPO) and the requirements for appointing intermediaries as per the lecture notes.

Fast Track FPO Listing Condition

Equity shares must have been listed for at least $3$ years.

Share Format for Fast Track FPO

Shares must be in Demat form.

Market Capitalisation Threshold

Market capitalisation must be at least £ $1000$ Cr.

SEBI (LODR) Reg. 2015 Compliance

Compliance is required for the last $3$ years.

Investor Complaints Redressal

$95\%$ redressed as of the end of the quarter preceding the reference date.

Pending Show Cause Notices

No show cause notices pending against the Co., issuer, promoter, or director as on the reference date (excluding imposition of penalty).

Alleged Violations Settlement

No settlement mechanism for alleged violations within the past $3$ years.

Trading Suspension Status

No suspension of trading in equity for the last $3$ years.

Conflict of Interest (MB)

No conflict of interest; Ban MB (Merchant Banker).

Audit Qualification Protocol

Restating financial statements and incorporating the impact.

Trading Turnover Requirement

Trading turnover during the last $6$ months must be $2\%$ of the weighted average number of shares listed.

Delivery Based Trading

Delivery based trading must be $10\%$ of the annualized trading turnover.

Merchant Banker Role

Appointment of one or more Merchant Bankers as lead managers.

Intermediary Appointment

The issuer and Merchant Banker appoint other intermediaries such as syndicate members.

Administrative Appointments

Includes the appointment of a Registrar to the issue, a Compliance officer, and a Banker to the issue.