The Nationwide Inventory Alternate (NSE) has applied stricter norms for firms itemizing on its SME platform, following the SEBI board’s selections.
Firms will need to have an working revenue of Rs 1 crore in two out of the final three years. Promoters can not promote greater than 20% of the problem dimension in an Supply for Sale (OFS).
Promoting shareholders are restricted to divesting a most of fifty% of their shares. SME IPOs can’t be launched solely for repaying the debt of the promoter group.
These adjustments intention to reinforce compliance and investor safety within the SME section.
