The following eligibility criteria have been prescribed for listing of companies on BSE, through Initial Public Offerings (IPOs) & Follow-on Public Offerings (FPOs):
-
The minimum post-issue paid-up capital of the applicant company (hereinafter referred to as “the Company”) shall be Rs. 10 crore for IPOs & Rs.3 crore for FPOs; and
-
The minimum issue size shall be Rs. 10 crore; and
-
The minimum market capitalization of the Company shall be Rs. 25 crore (market capitalization shall be calculated by multiplying the post-issue paid-up number of equity shares with the issue price).
Further :
-
In respect of the requirement of paid-up capital and market capitalization, the issuers shall be required to include in the disclaimer clause forming a part of the offer document that in the event of the market capitalization (product of issue price and the post issue number of shares) requirement of BSE not being met, the securities of the issuer would not be listed on BSE.
-
The applicant, promoters and/or group companies, shall not be in default in compliance of the listing agreement.
-
The above eligibility criteria would be in addition to the conditions prescribed under SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009.
-
The Issuer shall comply to the guidance/ regulations applicable to listing as bidding inter alia from
- Securities Contracts (Regulations) Act 1956
- Securities Contracts (Regulation) Rules 1957
- Securities and Exchange Board of India Act 1992
- And any other circular, clarifications, guidelines issued by the appropriate authority.
- Companies Act 1956
Contact Finlaw.in For help on SME IPO/ Stock Exchange Listing