Migration from SME to Mainboard

Criteria for Migration from SME to Mainboard

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.

SME Migration to BSE Mainboard

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.

Checklist for Migration from SME to BSE Mainboard

  • 1. Is the paid-up capital of the company more than Rs. 10 crores?
  • 2. Is the market capitalization at least Rs. 25 crores or more?
  • 3. Is the company's net worth equal to or more than Rs. 15 crores for 2 preceding full financial years?
  • 4. Is the company listed on the SME platform of the Exchange for at least 3 years?
  • 5. Does the applicant company have a minimum of 250 public shareholders?
  • 6. Are the promoter(s) of the Company holding at least 20% of the equity share capital of the company at the time of making the application?
  • 7. Did the company posted positive EBITDA (Earnings before Interest, Depreciation, and Tax) for at least any 2 out of the 3 financial years?
  • 8. Did the company posted positive Profit After Tax (PAT) in the immediate financial year of making the migration application to the Exchange?
  • 9. Are there any proceedings under the Insolvency and Bankruptcy Code against the issuer and promoting companies?
  • 10. Are there any pending defaults in respect of payment of interest and/or principal to the debenture/bond/fixed deposit holders by the applicant, promoters/promoter group, promoting company(ies), or subsidiary companies?
  • 11. Is there any winding up petition against the company admitted by a NCLT.
  • 12. Are there any pending investor complaints with the Company?
  • 13. Are there any surveillance action by other exchanges where the company is currently listed?

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!

SME Migration to NSE Mainboard

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.

Checklist for Migration from SME to NSE Mainboard

  • 1. Is the Company's paid-up capital Rs 10 crores or more?
  • 2. Is the market capitalization of the Company 25 crore or more?
  • 3. Is the company's net worth at least 75 crores?
  • 4. Is the company listed on the SME platform of the Exchange for at least 3 years?
  • 5. Are there at least 1000 public shareholders on the last day of the preceding quarter from the application date?
  • 6. Did the company posted positive EBITDA (Earnings before Interest, Depreciation, and Tax) from operations for each of the preceding 3 financial years?
  • 7. Did the company posted positive Profit After Tax (PAT) in the immediate financial year of making the migration application to the Exchange?
  • 8. Is the Company being referred to the Board of Industrial & Financial Reconstruction?
  • 9. Are there any proceedings under the Insolvency and Bankruptcy Code against the issuer and promoting companies?
  • 10. Is there any winding up petition by NCLT against the company?
  • 11. Are there any surveillance action by other exchanges where the company is currently listed?
  • 12. Is the company complying with the Redressal mechanism of Investor grievance
  • 13. Are the promoters holding at least 20 % of shares of post equity capital and have 3 years Experience in same line of business.

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!

Benefits of Migration of SME IPO to Mainboard

● 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.