Introduction of Issue Summary Document (ISD) and dissemination of issue advertisements
National Stock Exchange of India Circular
Department: Download Ref No: NSE/CML/2023/26 Date: March 31, 2023
To All Listed Entities,
Sub: Introduction of Issue Summary Document (ISD) – Further Issues
Dear Sir/Madam,
This circular is in reference with SEBI circular SEBI/HO/CFD/PoD-1/P/CIR/2023/29 dated February 15, 2023 in relation to Introduction of Issue Summary Document (ISD) and dissemination of issue advertisements.
The said circular has introduced ISD for the following Further Issues, in XBRL (Extensible Business Reporting Language) format, effective from April 03, 2023:
- Preferential issue,
- Qualified institutions placement (QIP),
- Rights issue,
- Issue of American Depository Receipts (ADR),
- Issue of Global Depository Receipts (GDR) and
- Issue of Foreign Currency Convertible Bonds (FCCBs)
Accordingly, the Stock Exchanges have develop a utility in order to facilitate the filing of the ISD by the listed entities. Said utilities are attached herewith as Annexure A.
Submission of details as per the ISD shall be mandatory for all the following application being submitted on or after April 03, 2023:
- Applications obtaining in-principle approval under reg 28(1) of SEBI (LODR) regulations, 2015
- Applications obtaining in-principle listing approval post the allotment of securities
The listed entities shall submit the details, to any stock exchange where the securities of the entity, in relation to which the ISD is being filed, are listed. If the details are being submitted with NSE, the same shall be submitted in the manner mentioned in Annexure B.
National Stock Exchange of India
You are requested to take a note of above directions and comply accordingly. Non-adherence to the above directions shall be treated as non-compliance and the respective application may not be approved.
In case of any queries pertaining to the said circular please feel free to write us on [email protected].
Yours faithfully,
For National Stock Exchange of India Limited
Charmi Dharod
Senior Manager
Annexure B – Manner of submitting the details as per ISD
Following Steps shall be undertaken for the submission of details as per the ISD.
STEP 1: Download the utility file
The utility in order to facilitate the filing of the ISD by the listed entities are attached as Annexure
A to the circular.
STEP 2: Generation of XML file
Once the required utility is downloaded, enter the requisite details in the said utility and generate the XML file, as per the directions in the utility file.
STEP 3: Upload the XML file
The XML generated shall be uploaded with any of the stock exchange where the securities of the entity, in relation to which the ISD is being filed, are listed. Thus the XML need not be submitted with all the exchanges.
If the details are being submitted with NSE, the same shall be submitted in NEAPS portal on the following PATH:
NEAPS → Issues → Create a draft record by go to the respective module → Save Draft → Upload the XML by clicking on the button ‘upload XBRL file’.
On successful upload, “File Uploaded successfully” message would be displayed. The XML file shall be disseminated on the website on approval of the respective application.
Note: Please note that the information/file provided here by the listed entity would be displayed on the website of the Exchange as it is. The listed entity is requested to exercise caution and submit the correct and complete information. In no event, the Exchange, its directors or employees responsible or liable for any incorrect/incomplete information or error in the information/file submitted by the listed entity to the Exchange.