The initial public offer (IPO) is open and closed according to the schedule. At the end of the IPO, the company submits the documents in accordance with the BSE-SME Stock Exchange checklist for completion of the allocation base. At the end of the auction, the BSE publishes the communication on listings and trade. After listing on the BSE-SME Stock Exchange, the current members of the stock exchange have the right to participate in the SME platform and to negotiate the share of SMEs. However, the SME stock market is limited by the following: the BSE-SME Exchange was created by the Bombay Stock Exchange (ESB) to provide small and medium-sized enterprises (SMEs) with a platform for raising capital for their growth and expansion. SMEs are the backbone of a country`s economy and Indian SMEs employ 70 million people from more than 30 million businesses. In 2010, the Prime Minister`s Task Force recommended the creation of a separate SME exchange, and SEBI also set out the rules for managing an SME exchange. On the basis of the above, the BSE-SME Exchange was created to enable entrepreneurs to raise equity for the growth and expansion of SMEs. In this article, we see how we can list the list requirements on the BSE-SME Exchange. The company of emittentine must consult and appoint a merchant banker for listing on the BSE-SME Stock Exchange. After submitting the required application and BSE records, the BSE checks the records and procedures. A visit to the company`s website is also carried out by BSE Stock Exchange officials.
After the on-site visit, the organizers are invited to speak with the Listing Advisory Committee. After completing the on-site visit and the investigation by BSE officials, the BSE issues, on the recommendation of the committee, an authorisation in principle, provided that all requirements are collected by the issuing company. After approval in principle, the Marchandchaant Banker will file the prospectus with the ROC, which indicates the opening and end dates of the issue. After ROC`s approval, it closes the stock exchange on the opening dates of the issue as well as the necessary documents. a. In addition to the request to use the stock exchange`s name in the offer document, the following documents/information must be submitted by the company to the stock exchange: The listing on the BSE-SME exchange has five different steps: the trader would then perform due diligence with respect to the company, i.e. verify the documents, including all financial documents, material contracts, government authorizations, promotional details, etc., and prepare documents for the IPO. Planning and documentation by the merchant banker must include the IPO structure, stock issues and financial requirements Once due diligence and documentation by the merchant banker are completed, the prospectus and DRHP is forwarded to the Exchange in accordance with SEBI requirements.