Getting listed on the SME platforms of NSE and BSE is not as difficult as it seems. An issuer company has to necessarily follow the below steps to become a listed SME entity;
- Become an IPO-ready company.
- Hiring a merchant banker
- Appoint various intermediaries in consultation with the lead managers such as RTA, depositories, bankers to the issue, etc.
- Due diligence compliance i.e. documentation, material contracts, required approvals, financial statement preparation, etc.
- Prepare and submit a Draft Red Herring Prospectus (DRHP) in the SEBI-prescribed format.
- Getting in-principal from the stock exchange.
- File the Red Herring Prospectus (RHP) with the ROC.
- Receive approval and intimate stock exchange for issue opening and closing dates.
- Open the issue for the subscription.
- Allotment of shares as per the finalized basis of allotment
- Listing and trading of shares.
