SME Eligibility For Listing
| CRITERIA | BSE SME PLATFORM | NSE EMERGE PLATFORM |
| Incorporation | The Company should be incorporated under the Companies Act, 1956/2013 in India | The Company should be incorporated under the Companies Act, 1956/2013 in India |
| Post Issue Paid Up Capital | The post issue paid up capital of the company (face value) shall not be more than Rs. 25 Crores | The post issue paid up capital of the company (face value) shall not be more than Rs. 25 Crores |
| Net Worth | Positive Net Worth | Positive Net Worth |
| Net Tangible Assets | Net Tangible Assets should be Rs 1.5 Crore. | |
Track Record | The Company or the Partnership/ Proprietorship/LLP Firm, which has been converted into the Company, should have combined track record of at least 3 years OR The Company or the Firm, which have been converted into the Company should have combined positive cash accruals (Earnings Before Depreciation and Tax) in any of the year out of last three years and its net worth should be positive. | The Company or the Partnership/ Proprietorship/LLP Firm, which has been converted into the Company, should have combined track record of at least 3 years OR The Company or the Firm, which have been converted into the Company should have combined positive cash accruals (Earnings Before Depreciation and Tax) in any of the year out of last three years and its net worth should be positive. |
| BIFR Company | The Company should not have been referred to Board of Industrial and Financial Reconstruction (BIFR) Company out of BIFR is allowed | The Company should not have been referred to Board of Industrial and Financial Reconstruction (BIFR) |
| Winding Up | No petition for winding up is admitted by a Court against the Company | No petition for winding up is admitted by a Court against the Company |
| Disciplinary Action | No material regulatory or disciplinary action by a Stock Exchange or Regulatory Authority in the past three years against the Company | No material regulatory or disciplinary action by a Stock Exchange or Regulatory Authority in the past three years against the Company |
| Website | It is mandatory for a Company to have a website | It is mandatory for a Company to have a website |
| Dematerialization of Securities | It is mandatory for the Company to facilitate trading in DEMAT securities and enter into an agreement with both the depositories | It is mandatory for the Company to facilitate trading in DEMAT securities and enter into an agreement with both the depositories |
| Change in Promoters Holding | There should not be any change in the Promoters of the Company in preceding one year from the date of filing the application for listing under SME segment | |
| Underwriting | The issue shall be 100% underwritten and Merchant Bankers shall underwrite 15% in their own account | |
| Market Making | Mandatory for three years | |
| Public Shareholding | Minimum 25% Minimum 50 Investors (Post listing, it’s not necessary) | |
| Site Verification | Site visit by the Exchange | |
| Promoter’s Interview | Promoter has to attend the interview with Listing Advisory Committee (LAC) of the Stock Exchange |
