Can broking companies list on the BSE SME platform?

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Topics Covered

• Find more questions on this topic
• SME IPO Enquiry

Key Facts

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• Yes, as per the BSE circular in April 2017, Stock or commodity Broking companies and Micro Finance companies are eligible to get listed on the SME platform of BSE provided that they meet the eligibility criteria.
• BSE SME Eligibility criteria for broking companies
• Net worth and Profitability: Minimum net worth of Rs 5 crore with profit before tax of Rs 5 crore in any two out of three financial years, OR minimum net worth of Rs 25 crores in any 3 out of 5 financial years
• The broking company must have net tangible assets of at least Rs. 3 crores as per the audited financial results.
• The entity’s post-issue paid-up capital must be at least Rs. 3 crores.
• 1. Can HUF and LLP issue SME IPO?
• 2. Who is eligible to issue SME IPO?
• 3. What should be the net tangible assets to list on the NSE Emerge?
• 4. Can broking companies list on the BSE SME platform?
• 5. What are the key requirements for SME IPO listing?
• 6. What are the extra compliance requirements for SME IPOs compared to the main board listing?
• 7. Can a newly incorporated SME issue IPO?
• 8. What are the key financial parameters for SME to list on BSE SME?
• 9. Should SMEs be profitable to go public?
• 10. What are the differences in the eligibility norms for SME IPO at BSE and NSE?

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