Islamabad, November 12, 2019: Securities and Exchange Commission of Pakistan (SECP) has approved the Growth Enterprise Market Listing Regulations to enable Small and Medium Enterprises (SMEs), Greenfield projects, Not for Profit and other companies to raise capital through capital markets conveniently.
The Growth Enterprise Market regulations designed especially to facilitate small enterprises, startups and greenfield companies that are aspiring to raise funds through capital
The new board provides a more conducive regulatory environment as compared to the
Moreover, to facilitate the issuers, any person licensed with the SECP as
In order to create liquidity on the GEM board, the concept of eligible investors has been introduced and the minimum lot size has been linked
The post-listing requirements of GEM board are also relaxed as compared to the main board such as non-applicability of code of corporate governance, submission of half yearly progress report as compared to the quarterly progress report.