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Yes, having operating profit is the key requirement for SMEs listing on the exchange. Thus, loss-making companies in the last few years is not eligible to issue SME IPOs.
Both the SME platforms i.e., NSE Emerge and BSE SME’s eligibility norms stated that an SME that wants to become a listed company must have operating profit in any 2 of the last 3 preceding financial years.
There is no minimum operating profit criteria for SME IPOs.
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