Can HUF and LLP issue SME IPO?

No, only a public limited company that is incorporated under the companies act 1956 or 2013 in India is eligible to raise capital through SME IPO. Hindu Undivided Family (HUF) and Limited Liability Partnership (LLP) desirous to list securities on the SME platform must be converted into a public company to be eligible to issue equity shares to the public.