SME IPO related FAQs

Distinguish between mainline IPO & SME IPO.

Companies that have a minimum post-issue capital of Rs 10 crores may raise funds to be listed on the NSE and BSE exchanges via Mainboard IPO.

SME IPO is open to companies with minimum post-issue capital in excess of Rs 1 crore or maximum Rs 25 crores. Through an SME IPO, the NSE Emerge and BSE SME platforms allow small and medium enterprises (SME), to raise funds and be listed on the exchange.

Mainboard IPO Vs SME IPO

Basis of DifferenceMain Board IPOIPO for SME
Post-issue capitalMinimum post-issue paid up capital of Rs. 10 croreMinimum post-issue capital of Rs 1 Crore and maximum Rs 25 Crore
Minimum Allotees for IPOThe minimum number of allotees is 1000The minimum number of allotees is 50
IPO UnderwritingNon-Mandatory (Under 50 percent compulsory subscription to QIB’s)Mandatory (100% underwritten by Merchant Banker with underwriting 15%
Track RecordStringent normsRelaxed norms
Offer Document evaluationBy SEBIBy Stock Exchange
IPO Application sizeRs 10,000 -Rs 1.00,000
IPO Timeframe6-months after that3-4 months
Reporting RequirementQuarterlyHalf-yearly


What is the meaning of SME IPO in India ? What are some criteria about it ?

Briefly explain the history of SME IPO or SME platform in India.

What does SME exchange mean?

To get listed on SME exchange , what are the requirements?

Is there any listing fee for SME platform?

Onn SME Platform, what is the annual Maintenance charge?

By listing onn BSE SME , What will be the capital gain tax benefits?

Can the companies which are suspended be allowed to be listed on SME exchange?

For SME IPOs , how to check the bidding details?

For retail & HNI category what is the minimum lot size for applying in SME IPO?

Who can apply for SME IPO and how ?

Can SME stock listed on BSE \ NSE ?

Can a person with same demat account apply for multiple IPOs ?

Can a retail investor apply on SME IPO ?

Is investment in SME IPO through ASBA possible ?