How are shares listed on the SME Index?

The share listing process of an SME company on the BSE and NSE SME Index follows the below process;

1. Hiring an SME IPO consultant or merchant banker.
2. Compliance with due diligence and true and fair presentation of financial data.
3. Submission of draft prospectus and filing it with exchange.
4. Verification and approval of DRHP by the stock exchange.
5. Get in-principal approval from the stock exchange.
6. Filling documents with RoC and intimate exchanges regarding issue opening and closing dates.
7. IPO launch on the open date for subscription.
8. Allotment of shares by the registrar.
9. Listing of SME shares on the respective SME platform at BSE and NSE.