Market Makers on SME

We are registered Market Makers on the NSE and BSE.

As per SEBI guidelines for SME platform, every Company needs to have market-making for at least three years post listing. We also assist potential companies for listing on the SME platforms. We are associated with Merchant Bankers who specialise in managing IPOs for the SME segment. We provide complete bouquet of services, from preparing a potential company for listing on SME, arriving at fair valuation for the Company, coordinating with the merchant banker and the exchanges and market making post listing.

The 5 P'S of Listing Process on BSE SME:

1 - Planning 

The Issuer Company consults and appoints the Merchant Banker/s in an advisory capacity.

2 - Preparation 

The Merchant Banker prepares the documentation for filing after:

  • Conducting due diligence regarding the Company i.e checking the documentation including all the financial documents, material contracts, Government Approvals, Promoter details etc.
  • and planning the IPO structure, share issuances, and financial requirements

3 - Process 

Application procedure:

  • Submission of DRHP/Draft Prospectus - These documents are prepared by the Merchant Banker and filed with the Exchange as well as with SEBI as per requirements.
  • Verification & Site Visit - BSE verifies the documents and processes the same. A visit to the company's site shall be undertaken by the Exchange official .The Promoters are called for an interview with the Listing Advisory Committee.
  • Approval - BSE issues an In Principle approval on the recommendation of the Committee, provided all the requirements are compiled by the Issuer Company.
  • Filing of RHP/Prospectus - Merchant Banker files these documents with the ROC indicating the opening and closing date of the issue. 
  • Once approval is received from the ROC, they intimate the Exchange regarding the opening dates of the issue along with the required documents.

4 - Public Offering 

The Initial Public Offer opens and closes as per schedule. After the closure of IPO, the Company submits the documents as per the checklist to the Exchange for finalization of the basis of allotment.

5 - Post Listing 

BSE finalizes the basis of allotment and issues the Notice regarding Listing and Trading.