SME LISITING

DIFFERENCE FROM
Parameters Main Board SME Exchange
Post – issue paid up capital
Min Rs. 10 crore
Max Rs.25 crore
Minimum Allotees in IPO
1000
50
IPO underwriting
Non Mandatory (Under 50% compulsory subscription to QIB’s)
Mandatory (100% underwritten with MB underwriting 15%)
IPO Grading
Optional
Optional
Track record
Stringent track record norms
Relaxed track record norms
Approving Authority
By SEBI
By Stock Exchange
IPO Application Size
Rs. 10,000 – Rs. 15,000
Min. Rs. 1 lakh
IPO Time frame
6 - 8 months
3 – 4 Months
Reporting Requirements
Quarterly Compliance
Half yearly Compliance
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