SME IPO Listing
Take your company public on BSE SME or NSE Emerge — eligibility review, pre IPO restructuring, DRHP drafting, merchant banker coordination and listing day support.
Take your company public
Share your financials and shareholding. We assess IPO readiness and build the listing roadmap.
Talk to a CS →A complete SME IPO listing package
Eligibility Review
Paid up capital, net tangible assets, operating profit and track record tested against BSE SME and NSE Emerge norms.
Pre IPO Restructuring
Conversion to a public limited company, capital restructuring, bonus issue and related party clean up handled.
DRHP Preparation
Draft Red Herring Prospectus prepared with the merchant banker, covering business, risk factors and financial disclosures.
Intermediary Coordination
Merchant banker, registrar, market maker, legal counsel and peer review auditor appointed and coordinated.
Exchange & ROC Filing
In principle approval from the exchange and filings with the Registrar of Companies managed within timelines.
Post Listing Compliance
LODR obligations, quarterly results, corporate governance and disclosure calendar set up after listing.
What is needed for an SME IPO
Public Limited Company
The issuer must be a public limited company with the constitution documents and share capital aligned to a public issue.
Post Issue Capital Cap
Post issue paid up capital must stay within the ceiling prescribed for the SME platform, above which main board listing applies.
Operating Track Record
The company must show operating profit and a positive net worth for the prescribed number of preceding financial years.
Net Tangible Assets
Net tangible assets must meet the minimum prescribed by the exchange as at the latest audited financial statements.
Minimum Allottees
The issue must be allotted to at least the minimum number of investors prescribed, failing which the issue is withdrawn.
Market Maker
A market maker must be appointed for the mandatory period from listing to provide two way quotes in the scrip.
SME norms have been tightened. Operating profit, offer for sale limits, promoter lock in and use of proceeds restrictions now apply more strictly, so eligibility should be tested against the current framework before you start.
Common issues in SME IPO listing
Simple steps, no surprises
Readiness assessed
Financials, capital structure and governance tested against SME platform norms.
Company prepared
Restructuring, conversion and audited restated financials completed.
DRHP filed
Draft prospectus filed with the exchange and in principle approval obtained.
Listed and compliant
Issue opens, allotment completed, shares listed and the compliance calendar begins.
Other services you may need
Frequently asked questions
An SME IPO is a public issue by a small or medium enterprise on a dedicated exchange platform such as BSE SME or NSE Emerge, with lighter entry norms than the main board but full disclosure and post listing compliance obligations.
SME platforms apply lower thresholds on capital, track record and issue size, do not require SEBI observations on the offer document in the same manner, and mandate a market maker, while the main board applies stricter eligibility and larger issue sizes.
Yes. After completing the prescribed period on the SME platform and meeting main board eligibility on capital, profitability and shareholder count, a company can migrate to the main board of the exchange.
From the decision to list, a realistic timeline is several months, covering restructuring, restated financials, DRHP preparation, exchange approval and the issue itself.
Listed SMEs must comply with the SEBI Listing Obligations and Disclosure Requirements — periodic financial results, shareholding pattern, corporate governance disclosures, material event reporting and website disclosures.
Ready to list your company on the SME platform?
We assess readiness, prepare the company and coordinate the full listing process through to compliance after listing.