Migrating from the SME platform to the mainboard of a stock exchange is a significant milestone for any company. Migration of SME IPO to NSE mainboard or BSE mainboard Exchange requires meeting the eligibility criteria of migration to mainboard. By adhering to the required migration to mainboard guidelines, a SME company can migrate to mainboard platform.
The migration to the mainboard of BSE requires companies to meet specific criteria set by BSE. This includes a minimum paid-up capital, public shareholding, and a track record of profitability and compliance with corporate governance standards.
As per the exchange regulations, You are eligible to migrate to Mainboard.
We can help you with the next steps of listing. Contact Us Now!Since one or more conditions are not met, You are not eligible yet.
We can help you become IPO ready. Contact Us Now!Migration Checklist for NSE Emerge includes minimum post-issue paid-up capital, profitability track record, and certain corporate governance norms. The timeline for migration from SME to the mainboard varies depending on the company's preparedness and compliance with the criteria of migration to mainboard. Typically, the process can take several months, involving multiple stages of approvals and documentation.
As per the exchange regulations, You are eligible to migrate to Mainboard.
We can help you with the next steps of listing. Contact Us Now!Since one or more conditions are not met, You are not eligible yet.
We can help you become IPO ready. Contact Us Now!● Create new opportunities for growth and market expansion of SME IPO companies.
● SME IPO companies can start trading on Mainboard Exchanges; both BSE and NSE.
● Greater retail participation in SME IPO stocks.
● Increase in market capitalization.
● No regulation on number of trading lots in Mainboard Exchange.
● No requirement of market making in Mainboard exchange as is compulsory in SME platform.
SME migration is the process by which a company listed on the SME platform of stock exchange (BSE SME, NSE Emerge) shifts to the Mainboard. A listed SME has to fulfil the eligibility criteria for migrating to the Mainboard.
Yes, companies listed on the SME platform can migrate to the Mainboard on NSE and BSE, but migrating companies are required to meet the specific eligibility conditions set by the SEBI and respective Stock exchanges. Know the SME IPO eligibility criteria
Listed SME Companies Listed SME Companies can apply for migration once it completes the minimum requirement of being listed for at least 3 years on the SME Platform of NSE SME and BSE SME with other required conditions as laid in criteria for migration
For BSE SME Migration, the company is required to have at least 250 public shareholders. Checklist for migration from SME to BSE Mainboard
For SME migration to Mainboard, a company listed on the SME platform is required to fulfill the following criteria:
a. Paid-up capital of ₹10 crores or more
b. Market capitalization of ₹25 crores or more
c. Positive profits and EBITDA
d. Minimum number of public shareholders
e. Clean track record and no regulatory issues
Detailed Eligibility assessment of SME for listing on NSE SME or BSE SME
No, SEBI approval is not required for the migration, but the company is required to follow SEBI regulations. The approval from recognized Stock Exchanges is required. What is NSE?
SME migration to the Main Board is voluntary. If a company's paid-up capital is between ₹10 crores and ₹25 crores, it can choose to migrate. However, once the paid-up share capital exceeds ₹25 crores, the company must either migrate to the Main Board or start following Main Board compliance regulations.
But it’s important to note that the company must be listed on the SME platform for at least 3 years before applying for migration. Even if the paid-up capital crosses ₹25 crores before completing 3 years, the company cannot migrate. The 3-year listing period is a mandatory requirement for migration.
Know SME IPO Eligibility criteria for IPO
a. For migration to NSE, a company needs at least 1000 shareholders.
b. For migration to BSE, a company needs at least 250 shareholders. List of companies migrated to Mainboard
List of companies migrated to Mainboard
At the time of applying for migration on BSE, promoters of company must hold at least 20% of the company’s total equity share capital. Migration Checklist
Yes, while the process is quite similar; however some eligibility criteria differ like Net Worth, number of shareholders, EBITDA requirements, and additional conditions. Companies must follow the specific rules of the exchange on which they are currently listed.
This process usually take 3 to 5 months. It depends on several factors like company’s financial performance, readiness of the company for migration, and approval from the required stock exchange.
a. The listed SME must be at least listed for 3 years on SME platform.
b. Paid-up capital of ₹10 crores or more.
c. Market capitalization of at least ₹25 crores.
The company should also have a history of positive profits and EBITDA, meet the minimum number of public shareholders as specified by the stock exchange, and maintain a clean track record with no major regulatory issues. Meeting these criteria ensures that only financially stable and compliant companies migrate to the Main Board.
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