SME IPO Launchpad
Empower your enterprise to raise capital, increase visibility, and transition to the Main Board. At Ashvya Management, we make the complex journey of going public super simple.
Get Legal AssistanceThe Power of Going Public
Raise Capital
Unlock access to public equity markets to fund your expansion without the burden of high-interest debt.
Prestige & Visibility
Listing increases the credibility and brand value of your company among global stakeholders.
Financial Growth
Directly increase your company's net worth and working capital for large-scale operations.
Exit Route
Provides a transparent and efficient exit strategy for existing equity investors and venture partners.
The Idea Behind SME IPO
Small and Medium Enterprises (SMEs) are the backbone of the Indian Economy, contributing 40% of the workforce and 45% of manufacturing output.
Previously restricted to bank financing and loan constraints, SMEs can now leverage BSE and NSE SME platforms (launched in 2012) to raise funds directly from capital markets and eventually migrate to the Main Board.
SME IPOs drive branding, professional governance, and valuations, offering clear pathways for funding and long-term expansion.
Prerequisites for Launch
- Appointment of Independent Directors & CFO.
- Functional website with 3 years of financial statements.
- Engagement with Merchant Bankers & Share Transfer Agents.
- Formal agreements with regulatory intermediaries.
Eligibility Criteria
₹3 Crores
Minimum Net Tangible Assets and Net Worth must be ₹3 Cr separately based on latest audited financials.
₹5 Crores
Minimum track record of distributable profit required for at least 3 of the last 5 years.
₹3 Cr Min.
The post-paid up capital of the company must be at least ₹3 Crores to qualify for listing.
SME IPO Process
Taking your business public is a big deal. We ensure every step is handled with precision and speed.
Financial Prep
Cleaning records and ensuring financial hygiene.
Documentation
Completing legal paperwork and ROC filings.
Compliance
Fulfilling capital and stock exchange eligibility rules.
Listing
Final approval and launch on the stock exchange.
Our Role in SME IPO Listing
At Ashvya Management, we do all the heavy lifting. From the beginning to the end of your IPO journey, we’ve got you covered so you can focus on growing your business.
How We Assist Your Growth
We provide a complete suite of services to get your business IPO-ready:
Specialized IPO Services
Strategy Planning
We ensure you meet listing requirements and set up a growth-focused strategy for the public market.
DRHP Services
Drafting the Red Herring Prospectus to meet all legal benchmarks for a smooth approval process.
Agency Relations
Professional communication with SEBI & BSE to save you time and ensure 100% compliance.
Fundraising Services
A major reason to go public is capital. We bridge the gap between your business and the right investor pool.
Why Trust Ashvya Management?
When going public, expertise is non-negotiable. We understand every nuance of the BSE SME listing criteria.
Hassle-Free Transition
Meeting eligibility requirements is our job; growing the business is yours.
Expert Compliance
From BSE criteria to SEBI mandates, we've got you covered.
Documentation Checklist
Official requirements for listing on the BSE SME Exchange
Corporate & Financials
Legal & Resolutions
Note: Details of any previous rejection by SEBI or other stock exchanges must be disclosed along with the specific reasons for the designated exchange.
The 90-Day Roadmap
From Assignment Start to Final Listing
Day 45
Due Diligence
Completion of all internal audits and assignment verification.
Day 55
Offer Letter
Official filing of the offer letter to the designated authorities.
Day 70
Approval
Granting of approval by the Stock Exchange.
Day 75
ROC Filing
Final registration with the Registrar of Companies.
Day 80-85
Issue Window
Formal opening and closing of the public issue.
Listing
Go Live
Successful listing of the IPO on the exchange floor.
Still Confused?
We’ll guide you step-by-step, no jargon — just honest, helpful support to take your company public.
Compare your Options
Understanding the shift from SME Platforms to the Main Board
Our Satisfied Projects
Numbers that reflect our commitment to excellence.
Happy Clients
Total Projects
Success Awards
Looking for Professional IPO Consultants?
Hey there! Thinking about taking your business public? At Ashvya Management, we make the whole process super simple. Guided by experts, your journey from private to public will be smooth and compliant.
Common Queries
Find answers to common questions about Government Grants.
What is SME IPO?
An SME IPO is when a small or medium-sized enterprise (SME) goes public by listing its shares on a stock exchange to raise funds.
What are the advantages of investing in SME IPOs?
SME IPOs offer high-growth potential, early investment opportunities, and potentially higher returns compared to large-cap stocks.
Is SME IPO Safe?
Like any investment, SME IPOs come with risks, but thorough research and expert guidance can help minimize them.
What are the rules for SME listing?
Companies must meet financial, operational, and regulatory requirements set by the stock exchanges (BSE/NSE) to qualify for SME listing.
Who is eligible for BSE SME listing?
An SME with a minimum paid-up capital of ₹1 crore and a strong financial track record can apply for BSE SME listing.
What is the difference between IPO and SME IPO?
An SME IPO is for small and medium enterprises with relaxed norms, while a regular IPO is for large corporations meeting stricter criteria.
Can I sell SME IPO on listing day?
Yes, but liquidity may be lower than mainboard IPOs, so prices can be volatile.
Can SME be listed?
Yes, SMEs can be listed on the NSE Emerge or BSE SME platform by meeting eligibility requirements.
How is SME IPO different from Mainboard IPO?
SME IPOs have lower entry requirements, smaller issue sizes, and different trading rules compared to mainboard IPOs.
What are the minimum profitability requirements for an SME IPO?
Companies must have profitability in at least two of the past three years to qualify.
What are the minimum or maximum requirements for paid-up capital?
The minimum paid-up capital is ₹1 crore, and it should not exceed ₹25 crores for SME IPO eligibility.
What is the minimum lock-in period for shares held by the Promoters?
Promoters must lock in at least 20% of post-issue capital for three years.
What is the minimum offer to the public in SME IPO?
At least 25% of post-issue capital must be offered to the public.
What is the minimum application and lot size?
Lot sizes are determined by the exchange and are typically larger than mainboard IPOs to ensure informed investor participation.
How much time does it take to go public?
The SME IPO process generally takes 3 to 6 months, depending on compliance and approvals.
What is the application procedure for an SME IPO?
The process includes preparing financials, regulatory approvals, drafting the DRHP, investor roadshows, and listing on the exchange.
What is the minimum turnover required for an IPO?
SMEs must have a minimum turnover of ₹10 crores in the last financial year to qualify.
Are There Any ‘Capital Tax Benefits’ On BSE SME , If Yes What Are They?
Yes, there are capital tax benefits on SME, but it varies for listed and unlisted securities. For unlisted securities, short term capital gains are upto 30% while long term capital gains are upto 20%. Whereas, for listed securities, short term capital gains are upto 15% and long term capital gains are NA, if the company has paid Securities Transaction Tax.
Are There Any Annual Maintenance Charges, If Yes How Much Does It Cost?
Yes there are annual maintenance charges. It is higher of either 25000 or 0.01% of full market capitalization. Market Capitalization is calculated as average of the prices on the last day of the financial year.
Is Grading Necessary For Listing On SME Exchange?
Since, regulation 260 is not applicable to SME IPO , therefore IPO grading is not required for listing on SME exchange.
SME IPO
- It provides a chance to companies to raise capital.
- It increases visibility, prestige and credibility of the company that issues the IPO.
- Net worth and working capital of the company is increased.
- It helps companies to raise capital borrowed at a higher rate.
- It serves as an exit route to provide equity investors.
SME IPO
What is the idea behind SME IPO?
Although SME contribute a large portion to Indian Economy like 40% of the workforce in India , 45% of manufacturing output etc. Yet previously, SMEs used to demand only on Banks and Financial Institutes for capital requirement that too subjected to various loan constraints.
But since 2012, BSE and NSE have launched SME platforms where they could raise funds from the capital markets. Also, after few years the company can get their share transferred from SME platform to the Main Board.
What are the prerequisites to launch SME IPO?
The company should
- make necessary changes in the Board of Directors like appointment of Independent Director, CFO etc.
- Have its own website which contains the financial statement of last 3 years.
- Consult merchant bankers, share transfer agents and carry out agreement with them.
Eligibility criteria for IPO:
- As per latest audited financial statements, net tangible assets and net worth of company must be at least 3 crores separately.
- In terms of section 123 of the Companies Act , track record of distributable profit be at least 5 crores for last 5 years.
- The post- paid up capital of the company should at least be 3 crores.
Are You Looking for Professional SME IPO Consultants?
SME IPO Process
Our Role in SME IPO Listing Consultancy
At Ashvya Management, we do all the heavy lifting. From the beginning to the end of your IPO journey, we’ve got you covered. We help with:
- Meeting the SME IPO criteria
- Assisting with all the paperwork
- Supporting you with fundraising
- Handling all the small details, so you can grow your business
How Ashvya Management Assists You in IPO Listing Process?
We provide a complete set of services to get your business IPO-ready. This includes:
- Creating a solid IPO plan
- Getting all your documents in order
- Raising the necessary funds
- Dealing with regulatory agencies like SEBI & BSE
Strategy Planning
An IPO isn’t just about paperwork—it’s about having the right strategy for success! We help you:
- Figure out the best way to approach your IPO
- Ensure your business meets all listing requirements
- Set up a growth-focused strategy for the public market
With the right plan in place, your business is set for success!
SME IPO DRHP Documentation Services
One of the most important documents in the IPO process is the Draft Red Herring Prospectus (DRHP). This document gives investors key insights into your company and future plans. We help you:
- Prepare and file the DRHP
- Ensure it meets all legal and regulatory requirements
- Format it properly for a smooth approval process
SME IPO Fundraising Services
A major reason companies go public is to raise funds. We assist in:
- Connecting you with the right investors
- Making sure fundraising efforts follow regulations
- Helping your business secure the capital it needs to grow
Dealing with Various Agencies
The IPO process involves working with multiple agencies like SEBI (Securities and Exchange Board of India) and BSE. We handle all this for you:
- Communicating with regulatory bodies
- Making sure everything is done correctly and legally
- Saving you time and effort while ensuring compliance
Why Choose Ashvya Management as Your Trusted SME IPO Listing Consultant for Your Business?
When it comes to going public, you need an expert who knows the process inside out! At Ashvya Management, we understand every detail of an IPO—
- BSE SME listing criteria? We got it.
- Meeting IPO eligibility requirements? Consider it done.
- Making the transition smooth? That’s our job.
Our goal is to make sure your business has a hassle-free IPO experience so you can focus on what matters—growing and succeeding in the public market!
Document Required
Requirement Of The Documents For Listing (BSE Exchange) :
Still Confused?
We’ll guide you step-by-step, no jargon — just honest, helpful support.
- Draft offer document
- Copy of the Prospectus
- Copy of resolution passed by the Board of Directors
- Copy of the shareholders resolution passed under 62(1)(c) of Companies Act, 2013
- Certificate from either of the following:the Managing Director / Company Secretary or PCS / Statutory or Independent Auditors
- Copy of all show cause notice/orders issued
- PAN & TAN of the Company.
- DIN & PAN of Promoters and Directors.
- Balance Sheets, P&L Statements and Cash Flow Statements for the last 5 years (or for such applicable periods)
- Copies of major orders or contracts
- Details if the present or any previous application of the Company/Group Company for listing of any securities has been rejected earlier by SEBI or by any stock exchange and reasons also.
- Name of the exchange which is proposed to be designated Exchange for the issue.
- Copies of agreements and memoranda of understanding between the Company and its promoters/ directors.
- Articles & Memorandum of Association of the Company.
- A certificate issued by the statutory auditor/practicing chartered accountant
- Association, if any, of the directors/ promoters of the Company with any public or rights issue made during last 10 years.
- Draft offer document
- Copy of the Prospectus
- Copy of resolution passed by the Board of Directors
- Copy of the shareholders resolution passed under 62(1)(c) of Companies Act, 2013
- Certificate from either of the following:the Managing Director / Company Secretary or PCS / Statutory or Independent Auditors
- Copy of all show cause notice/orders issued
- PAN & TAN of the Company.
- DIN & PAN of Promoters and Directors.
- Balance Sheets, P&L Statements and Cash Flow Statements for the last 5 years (or for such applicable periods)
- Copies of major orders or contracts
- Details if the present or any previous application of the Company/Group Company for listing of any securities has been rejected earlier by SEBI or by any stock exchange and reasons also.
- Name of the exchange which is proposed to be designated Exchange for the issue.
- Copies of agreements and memoranda of understanding between the Company and its promoters/ directors.
- Articles & Memorandum of Association of the Company.
- A certificate issued by the statutory auditor/practicing chartered accountant
- Association, if any, of the directors/ promoters of the Company with any public or rights issue made during last 10 years.
What is the procedure for SME IPO?
- After 45 days of start of the assignment, completion of all due diligence takes place.
- Then 10 days later, filing of offer letter occurs.
- On 70th day of start, approval by the stock exchange takes place.
- Further 5 days later, ROC filing happens.
- Again on 80 and 85 of the start, issue opening and closing takes place respectively.
- Finally, 5 days later listing of the IPO happens.
What is the procedure for SME IPO?
- After 45 days of start of the assignment, completion of all due diligence takes place.
- Then 10 days later, filing of offer letter occurs.
- On 70th day of start, approval by the stock exchange takes place.
- Further 5 days later, ROC filing happens.
- Again on 80 and 85 of the start, issue opening and closing takes place respectively.
- Finally, 5 days later listing of the IPO happens.
Schedule Your Consultation Today
Frequently Asked Questions on SME IPO
Find answers to common questions about SME IPO
What is SME IPO?
An SME IPO is when a small or medium-sized enterprise (SME) goes public by listing its shares on a stock exchange to raise funds.
What are the advantages of investing in SME IPOs?
SME IPOs offer high-growth potential, early investment opportunities, and potentially higher returns compared to large-cap stocks.
Is SME IPO Safe?
Like any investment, SME IPOs come with risks, but thorough research and expert guidance can help minimize them.
What are the rules for SME listing?
Companies must meet financial, operational, and regulatory requirements set by the stock exchanges (BSE/NSE) to qualify for SME listing.
Who is eligible for BSE SME listing?
An SME with a minimum paid-up capital of ₹1 crore and a strong financial track record can apply for BSE SME listing.
What is the difference between IPO and SME IPO?
An SME IPO is for small and medium enterprises with relaxed norms, while a regular IPO is for large corporations meeting stricter criteria.
Can I sell SME IPO on listing day?
Yes, but liquidity may be lower than mainboard IPOs, so prices can be volatile.
Can SME be listed?
Yes, SMEs can be listed on the NSE Emerge or BSE SME platform by meeting eligibility requirements.
How is SME IPO different from Mainboard IPO?
SME IPOs have lower entry requirements, smaller issue sizes, and different trading rules compared to mainboard IPOs.
What are the minimum profitability requirements for an SME IPO?
Companies must have profitability in at least two of the past three years to qualify.
What are the minimum or maximum requirements for paid-up capital?
The minimum paid-up capital is ₹1 crore, and it should not exceed ₹25 crores for SME IPO eligibility.
What is the minimum lock-in period for shares held by the Promoters?
Promoters must lock in at least 20% of post-issue capital for three years.
What is the minimum offer to the public in SME IPO?
At least 25% of post-issue capital must be offered to the public.
What is the minimum application and lot size?
Lot sizes are determined by the exchange and are typically larger than mainboard IPOs to ensure informed investor participation.
How much time does it take to go public?
The SME IPO process generally takes 3 to 6 months, depending on compliance and approvals.
What is the application procedure for an SME IPO?
The process includes preparing financials, regulatory approvals, drafting the DRHP, investor roadshows, and listing on the exchange.
What is the minimum turnover required for an IPO?
SMEs must have a minimum turnover of ₹10 crores in the last financial year to qualify.
Are There Any ‘Capital Tax Benefits’ On BSE SME , If Yes What Are They?
Yes, there are capital tax benefits on SME, but it varies for listed and unlisted securities. For unlisted securities, short term capital gains are upto 30% while long term capital gains are upto 20%. Whereas, for listed securities, short term capital gains are upto 15% and long term capital gains are NA, if the company has paid Securities Transaction Tax.
Are There Any Annual Maintenance Charges, If Yes How Much Does It Cost?
Yes there are annual maintenance charges. It is higher of either 25000 or 0.01% of full market capitalization. Market Capitalization is calculated as average of the prices on the last day of the financial year.
Is Grading Necessary For Listing On SME Exchange?
Since, regulation 260 is not applicable to SME IPO , therefore IPO grading is not required for listing on SME exchange.
Compare your Options
| Particulars | SME Platform | Main Board | - - - |
|---|---|---|---|
|
Paid-Up Capital ( Post Issue) |
<25 Crores |
>10 Crores |
- - - |
|
Underwriting |
100% Underwritten |
Compulsory,except where 75 % is allotted to QIB’s |
- - - |
|
Application Value (Min) |
1 lakh |
10-14 thousand |
- - - |
|
Allottees (Min) |
50 |
1000 |
- - - |
|
Market Making |
Mandatory |
Not Mandatory |
- - - |
|
Offer Document |
Stock Exchange |
SEBI |
- - - |
Testimonials
Thanks to the team for their constant support and guidance. Their client-first approach and expertise made our journey smooth and successful.
Sneh Jaiswal
Their professional approach with a personal touch makes them truly dependable. Every step was handled with care, ensuring hassle-free results.
Girish Chauhan
Working with them has been a wonderful experience. Their innovative solutions and commitment towards clients make them highly trustworthy.
Rudra Patel
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- Ashvya Services Pvt. Ltd, SF-17 to 20, Tower-A, Earth Artica, Vasna - Bhayli Main Rd, Vadodara, Gujarat 391410
- Office No. 502, Valentina Business Hub, l P Savani Road, Adajan, Surat 395005
- Office No. 104, First Floor Treza Business Hub Pune City, Pune (M Corp.) 411045
- 4th Floor, Apollo Tower, 423, Mahatma Gandhi Rd, New Palasia, Indore, Madhya Pradesh 452001
- +919054005876 | +918511015924
- info@coral-squirrel-597046.hostingersite.com
Disclaimer: We are a Start-up consultant in India and professionals in Start-up consultation and understand the requirements of today’s enterprises. We are merely a consultancy service-providing company and not in any affiliation/collaboration with any Government/Non-Government Agency / Institutions / Organization / Department.
Note:Payments for services are only accepted in the name of Ashvya Services Private Limited, and the type of account is solely “Current Account” via NEFT/IMPS/RTGS and digital payment wallets (Cash Free, Razor pay, Aggrepay) and we do not accept payments on personal accounts or under any other name.
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