SEBI ICDR · BSE SME · NSE Emerge

SME IPO Advisory

Complete SME IPO advisory — from eligibility assessment and DRHP preparation to SEBI filing, exchange listing on BSE SME / NSE Emerge and post-IPO LODR compliance setup.

SME IPO

SME IPO Advisory — BSE SME & NSE Emerge

End-to-end SME IPO advisory from eligibility assessment to post-listing compliance. Expert team with deep knowledge of SEBI SME ICDR Regulations, BSE SME and NSE Emerge requirements.

Eligibility Assessment
We Handle
  • Paid-up capital
  • Track record
  • Profitability
  • Net tangible assets
  • Promoter criteria
SEBI ICDRBSE SMENSE Emerge Eligibility
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DRHP / Prospectus Drafting
We Handle
  • All SEBI disclosure requirements
  • Risk factors
  • Financial statements
  • MD&A
  • Legal overview
DRHPProspectusSEBI Disclosure
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Merchant Banker Coordination
We Handle
  • Coordination with SEBI-registered merchant banker (Lead Manager)
  • Market maker appointment
  • Underwriting arrangements
  • Book-running
Lead ManagerMarket MakerUnderwriting
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Exchange Filing & SEBI Submission
We Handle
  • BSE SME / NSE Emerge exchange filing
  • SEBI comments resolution
  • In-principle approval
  • Final listing application
Exchange FilingSEBI CommentsIn-Principle Approval
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Allotment & Listing
We Handle
  • Share allotment process
  • Basis of allotment
  • ASBA/R-ASBA
  • Refund processing
  • Depositories (NSDL/CDSL) coordination
  • Day-1 listing formalities
AllotmentASBANSDL/CDSL
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Post-IPO LODR Compliance
We Handle
  • Quarterly filings
  • Shareholding pattern
  • Board structure
  • Compliance calendar
  • Exchange submissions
Post-IPOLODRQuarterly Filings
₹1–25Cr
Typical SME IPO Size
6–9 Mo
Timeline to Listing
BSE/NSE
Both Platforms
SME vs Main Board

Key Differences

SEBI (ICDR) Regulations 2018 — Chapter IX (SME) vs Chapter II (Main Board)

ParameterSME IPOMain Board IPO
PlatformBSE SME / NSE EmergeBSE Main Board / NSE Main Board
Paid-up capital post-IPOUp to ₹25 croreAbove ₹10 crore (no upper limit)
Net tangible assets₹1.5 crore minimum₹3 crore for 3 years
ProfitabilityNot mandatory (route available)Distributable profits in 3 of 5 years (or QIB route)
Market MakerMandatoryNot required
Min. application size₹1 lakh₹10,000–₹15,000
SEBI comment periodFaster (30 days usually)Up to 75 days
Quarterly reportingAfter 2 years (bi-annual initially)Every quarter
Migration to Main BoardAfter 2 years with complianceN/A

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Free consultation for all new engagements. Expert team. PAN-India.

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