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    Question

    Which of the following conditions need to be met by an

    Issuer offering Initial Public Offer (IPO) at a stock exchange in IFSC? (i)            The issuer has an operating revenue of at least $ 20 million in the preceding financial year (ii)           The issuer shall have commenced business at least three years prior to the date of filing of prospectus (iii)          The issue size shall not be less than USD fifteen million or any other amount as may be specified by IFSCA
    A Only I is correct Correct Answer Incorrect Answer
    B Only ii and iii are correct Correct Answer Incorrect Answer
    C Only I and iii are correct Correct Answer Incorrect Answer
    D All are correct Correct Answer Incorrect Answer
    E None is correct Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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