Eligibility Criteria for listing on SME Platform of BSE
New Eligibility Criteria for listing on SME Platform of BSE.
BSE has revised its eligibility criteria for SME IPO listing on its platform from Jan 2024, bellow are some of the eligibility criteria :
1. Post Issue Paid up Capital Not more than Rs. 25 crores
2. Networth of Atleast Rs. 1 crore for 2 preceding full financial years.
3. Net Tangible Asset of Rs 3 crores in last preceding (full) financial year.
4. The track record of applicant company seeking listing should be atleast 3 years.
Or
Where the applicant company does not have a track record of 3 years, then the Project for which IPO is being proposed
should be appraised and funded by NABARD, SIDBI, Banks (other than co-operative banks), Financial Institutions.
(Provided, the applicant company seeking listing should have a track record of operations for atleast one full financial year and audited financial results for one full financial year.)
#fundraising #smeipo #ipo #corporatelaw
BSE SME Platform Listing Criteria
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