BSE Startups Platform, an initiative of BSE Ltd would enable startup's to get listed to derive value with minimum requirements and lower compliance burden. BSE Stattups platform has been setup as per the rules and regulations laid down by SEBI. BSE Startups Platform offers an entrepreneur and investor friendly environment, which enables the listing of Startups from the unorganized sector scattered throughout India, into a regulated and organized sector.
WHY BSE Startups ?
BSE Startups Platform is providing platform to SME's to raise funding in the form of Equity capital for expansion and future growth and Development.
BSE Startups Platform is providing platform to SME's to raise funding in the form of Equity capital for expansion and future growth and Development.
Benefits to Entrepreneurs:
- Raise equity capital for growth and expansion of their Start-up
- Derive value upon listing
- Accelerate growth through fund raise
- First mover's advantage in capital market
- Presence amongst investor's community
- Open avenues for further growth
- Enhances visibility
Benefits to Investors:
- Opportunity to identify SME
- Invest in companies at an early stage
- Creates Liquidity post listing
- Find suitable Exit Route
Check criteria to be eligible to Apply for New Listing at BSE Startups Platform
Q. IncorporationCompany Shall be Incorporated under Companies Act 2013
Q. Eligible Sectors
A. If your company belongs to one of the below sectors:
- IT/ITES
- Bio-technology and Life Sciences
- 3D Printing
- Space Technology
- E-commerce
- Hi-tech Defence
- Drones
- Nano Technology
- Artificial Intelligence
- Big Data
- Augmented/Virtual Realty
- E-gaming
- Exoskeleton
- Robotics
- Holographic Technology
- Genetic Engineering
- Variable Computers Inside Body Computer Technology
- other High-tech industries
Q. MSME/DIPP Registration
A. Company may/may not be registered with MSME/DIPP
Q. Financial Condition:
- In case if company is not registered, paid-up capital of the company should be minimum ₹1 crores
- Company should be minimum 2 years old
- Post-Issue paid-up capital of the company (face value) shall not be more than ₹25 crores
- Net-worth should be Positive
- Preferably, company should have raised investments from QIB Investors/Angel Investors/Accreditated Investors for a minimum period of 2 years
Q. Mandatory Requirements
Following conditions are mandatory before applying for BSE Startups Platform:
- Should have a website
- To facilitate trading in Demat securities and enter into an agreement with both the depositories
- No change in the promoters of the company preceding one year from the date of filing the application for BSE Startups Platform
Q. Disclosures Requirements
- Company has not been referred to NCLT under Insolvancy and Bankruptcy Code, 2016
- No winding up petition against the company that has been accepted by the NCLT
- None of the Promoters/Directors of the company has been debarred by any regulatory agencies
List of compliances requirements
Q. IPO Application Size
A. Not Less then 1 Lakh
Q. Post-issue Paid-up Capital
A. Upto 25 Crores
Q. Minimum No of Allottees in the IPO
A. Minimum 50 allottees
Q. Reporting of Financials to Exchanges
A. Half yearly (abridged)
Q. IPO Underwriting
A. 100% Underwriting (Atleast 15% of the Issue size on the books of Merchant Banker
Q. Market Making
A. Mandatory
Q. Observation on DRHP
A. Observations on DRHP will be by the Exchange
Migrating to BSE Startups Platform to BSE Main Board
Company may opt for migrating to BSE Main board if company is being listed and traded on BSE Startups Platform for minimum 2 years
In case you have any Queries, please write to us here
Source: BSE Startups, BSE Investors Services Fund
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