SEBI amends InvITs rule; specifies draft filing fees for initial offer, rights issue

Capital markets regulator Sebi came out with a new norm to implement draft filing fees to be paid by infrastructure investment trusts (InvITs) for initial offer and rights issue. Now InvITs are required to pay non-refundable filing fees of 0.1 per cent in case of initial offer and 0.05 per cent in case of rights issue of the total issue size, including green shoe option, at the time of filing of draft placement memorandum or offer letter with respect to private placement, The regulator said in a notification uploaded on its website on Tuesday.

Earlier, the InvIT was required to pay non-refundable filing fees of 0.1 per cent of the total issue size, irrespective of the type of issue. To give this effect, the Securities and Exchange Board of India (SEBI) has amended InvIT rules. InvITs are relatively new investment instruments in the Indian context but extremely popular in global markets.