Eligible SMEs can issue their IPO and become listed SME companies whose shares are traded on the SME exchange either BSE SME or NSE SME.
BSE SME IPO Financial Requirements
- Post issue paid up capital below Rs 25 crores
- Out of last 3 years, SME business must be earning operating profit in any 2 years.
- Net worth should be at least Rs 1 crore in any 2 years of the last 3 financial years.
- Net tangible assets should be a minimum of Rs 3 crore.
- Leverage ratio within maximum permitted limit of 3:1 (except for financial companies).
- No default in payment of debt principal and interest thereon.
