Laws and sections by number or title, due dates, pages, and updates.
The International Financial Services Centres Authority establishes the regulatory fee structure for the issuance and listing of securities on recognized stock exchanges in the International Financial Services Centre. All merchant bankers and recognized stock exchanges in the International Financial Services Centre follow this fee structure. The fees depend on the type of listing and the offer size. The fee amount is credited in full without any deduction. This circular takes effect under the International Financial Services Centres Authority Act, 2019 and the International Financial Services Centres Authority (Issuance and Listing of Securities) Regulations, 2021.
What you must do
Key dates
Who is affected
Exceptions
Ask about this circular
[Image omitted. See the official document.]
CIRCULAR
F. No. IFSCA-PLNP/5/2021-Capital Markets
September 15, 2021
To, All merchant bankers in the International Financial Services Centre (IFSC) All recognised stock exchanges in the IFSC
Dear Sir/Madam,
Sub: Fee structure for issuance and listing of securities on the recognised stock exchanges in the IFSC
The International Financial Services Centres Authority (Issuance and Listing of Securities) Regulations, 2021 (“ILS Regulations”) have been notified on July 16, 2021 providing the regulatory framework for issuance and listing of securities on the recognised stock exchanges in the IFSC.
The regulatory fee, for the purpose of ILS Regulations, shall be as follows:
| Type of listing | Fee amount* |
|---|---|
| IPOs and FPOs of specified securities | 0.05% of the offer size |
| Start-up and SME Companies | |
| Listing without public offer | NIL |
| Listing with public offer | 0.025% of the offer size |
| Special Purpose Acquisition Companies | 0.05% of the offer size |
| Depository Receipts | 0.05% of the offer size |
| Debt Securities | |
| Public Issue | 0.00025% of the offer size subject to a minimum fee of USD 1,000/- |
| Private Placement# | USD 1,000/- |
| Secondary listing (without public offer) - specified securities, debt securities and depository receipts | NIL |
(* Fee shall be credited in full amount without any deduction or charges
The above fee structure is only in respect of ILS Regulations and the other regulatory fees applicable on the recognised stock exchanges in the IFSC shall continue to apply.
This circular is issued in exercise of powers conferred under section 12 of the IFSCA Act, 2019 and regulation 183 of the ILS Regulations.
A copy of this circular is available on the website of IFSCA at www.ifsca.gov.in/Circular.
Yours faithfully,
Arjun Prasad
Deputy General Manager
arjun.pd@ifsca.gov.in
