News & UpdateSME IPO

How to List your IPO on SME Exchange

Last updated August 22, 2026

This IPO News market update covers “How to List your IPO on SME Exchange”. The page is organized around 1. assess your readiness for sme ipo, 2. ensure to meet the sme ipo eligibility criteria, 3. appointment of merchant banker, 4. file ipo draft prospectus or drhp, 5. obtaining in-principal approval from sme exchange. IPO News presents the structured facts and tables in its own layout and wording.

Topics Covered

1. Assess Your Readiness for SME IPO
2. Ensure to Meet the SME IPO Eligibility Criteria
3. Appointment of merchant banker
4. File IPO Draft Prospectus or DRHP
5. Obtaining in-principal approval from SME Exchange
6. Marketing the Public Issue to drive demand
7. File Prospectus with Registrar of Companies (RoC)
8. SME IPO Subscription Window Opens
9. Allotment of SME IPO Shares
10. SME Gets Listed on Exchange
SME IPO Enquiry
Frequently Asked Questions
1. What is SME IPO?−
2. Do SME IPO offer documents need SEBI approval?+
3. How are shares listed on the SME Index?+
4. How SME IPO issue price is determined?+
5. What are the price fixing methods in an IPO?+
6. What are the post-listing compliances for SME entities?+
7. How does SME IPO listing work?+
8. What are the intermediaries in an SME IPO issue?+
9. What is the role of registrar in an IPO by SME?+
10. What is the role of bankers to the issue in an SME IPO?+
11. Can I sell a single SME IPO share on the listing date?+
12. Can I buy SME shares in the Pre-Open market and sell it on same day?+
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Key Facts

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Navigating the SME IPO listing process can be tricky, requiring extensive paperwork and due diligence. Here is the detailed 10-step guide explaining the SME IPO listing process.
10 Key requirements for SMEs before going public
Post-issue paid-up capital of SME shall not exceed Rs 25 crore.
SMEs must be operating for the last 3 years or more. In cases, where a sole proprietorship or partnership firm has been converted into a public limited company, the combined operational track record must be 3 years.
The company must have profit for at least 2 out of the last 3 years.
The net worth of the company should be positive (NSE SME) or a minimum of Rs 1 crore to list on BSE SME.
Merchant bankers are SEBI-registered investment bankers, who are responsible for managing the public issue.
Help SMEs preparing for the IPO to connect with other parties; legal counsel, financial advisors, auditors, underwriters, etc.
Lead managers for IPO assist entrepreneurs in the IPO underwriting services. SEBI regulations require every public issue by an SME to be fully underwritten with 15% from the merchant banker’s account.
SEBI’s norms specified trading lot size for SME IPOs, ranging from 100 shares to 10,000 shares, based on the offer price.
An IPO generally remains open for 3 working days. Retail investors, Non-institutional investors (NIIs), and Qualified Institutional Investors (QIIs) can apply for the public issue, before the IPO closing date.
The minimum retail investment amount in an SME IPO is Rs 1 lakh and the minimum investment in the HNI category is Rs 2 lakh.
Anchor investors can bid for an IPO a day before the issue opening date. Qualified Institutional buyers who invest more than Rs 1 crore in an SME IPO are called Anchor investors.
The share listing process of an SME company on the BSE and NSE SME Index follows the below process;
Listing of SME shares on the respective SME platform at BSE and NSE.
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;
Prepare and submit a Draft Red Herring Prospectus (DRHP) in the SEBI-prescribed format.
SEBI has prescribed rules on how to decide SME IPO Lot size at different issue price, >>>> click here.
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