73  Total SME IPOs listed in 2025

3,196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

Mainboard IPO Eligibility Calculator

SEBI has laid down the IPO criteria for NSE and BSE Listing by ICDR regulations, 6(1) for Mainboard listing in India. Business owners can assess their eligibility for Mainboard IPO by meeting the IPO guidelines and criteria to meet regulatory requirements. Our IPO calculator displays a real time eligibility assessment for your company. From IPO Readiness, understanding IPO norms to DRHP preparation, intermediary coordination, and post-listing support, IPOPlatform offers end-to-end IPO services tailored to regulatory and market requirements.

  • 1. Is the Organisation a Private / Public Limited Company incorporated under Companies Act 1956/2013?
  • 2. Is the business in existence for more than 3 years?
  • 3. Is the Paid-up Capital of the organisation more than or equal to ₹10 Cr.?
  • 4. Is the average Operating Profit ₹15 Cr. for the last 3 years?
  • 4 A. Is the Operating Profit positive for the last three years?
  • 5. Is the Net Worth of the business more than or equal to ₹1 Cr. in each of the last three years?
  • 6. Are the Net Tangible Assets of the business more than ₹3 Cr. for the last three years?
  • 6 A. Are more than 50% of the Net Tangible Assets held in Monetary Assets?
  • 6 B. Has the organisation used or firmly committed to using the extra cash for its business or projects in case more than 50% of the net assets are held in Monetary Assets?
  • *Note: The limit of fifty percent on monetary assets shall not be applicable in case the initial public offer is made entirely through an offer for sale
  • 7. Has the Name of the organisation changed in the last one year preceding to the application for IPO?
  • 7 A. If the Name of the organisation has been changed within the last 1 year, at least 50% of the revenue for the previous year has been earned from the activities carried out in the new name?
  • 8. Are there any Pending Defaults in payment of interest or principal to bondholders, debenture holders, or fixed deposit holders?
  • 9. Has the Company's application been returned by the exchange/SEBI in the last 6 complete months?

As per the SEBI regulations, You are eligible for listing.

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Since one or more conditions are not met, You are not eligible under the profitablity route, please refer to the QIB Route

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IPO Eligibility Criteria - Mainboard >>

FAQs

Mainboard IPO:
As per the eligibility criteria for IPO by SEBI, ICDR regulations do not give any threshold for either an upper limit or lower limit on the fund raise.

In the year 2024, Hyundai Motor India Limited raised Rs 27870.16 crores through mainboard IPO. In contrast in 2024, Vibhor Steel Tubes Limited raised Rs 72.17 crores through mainboard IPO.

Mainboard IPO

To list on the NSE for a Mainboard IPO, a company must have ₹10 crore paid-up capital, ₹25 crore market capitalization, a 3-year track record, and comply with legal requirements, with no insolvency or debt defaults.

To list on the BSE, the company must have ₹10 crore paid-up capital, raise at least ₹10 crore in the IPO, and have a ₹25 crore market capitalization post-issue.

For more details, please refer to Link https://www.ipoplatform.com/blogs/difference-between-mainboard-and-sme-ipo/127

SME IPO 

To list on NSE Emerge and BSE SME, a company’s post-issue capital should not exceed to Rs 25 crore a 3-year track record, and profit in 2 of the last 3 years. The company must have, ₹1 crore net worth, ₹3 crore net tangible assets, and at least 1 year of operating profit or a 3-year track record from its predecessor.

For details on NSE SME eligibility, refer to Link https://www.ipoplatform.com/blogs/nse-sme-eligibility-criteria/135

For details on BSE SME eligibility criteria, refer to link https://www.ipoplatform.com/blogs/bse-sme-eligibility-criteria/134

IPO valuation whether its Mainboard or SME are determined on the basis of company’s performance, financial position etc.

Thus, it’s hard to say whether a Mainboard or SME IPO will get a better valuation, as it depends on above factors.

Learn Why is Fair Valuation Important?

  • IPO process includes filing DRHP which gives details on the utilizations of the funds in its objects of offer section. Generally, the funds are utilized towards working capital, capital expansion and repayment of debt.

When a company raises funds through an IPO (Initial Public Offering), following things should be kept in mind;

  1. Separate Bank Account: All the money raised from the IPO must be kept in a separate bank account.
  2. Usage of Funds: The company must clearly show how the raised money was spent in its financial reports, including the purpose of each expenditure.
  3. Unutilized Funds: If any money from the IPO is not used, the company must disclose where and how those funds are being kept or invested.

The merchant banker must have to provide the details of utilization to SEBI. 

IPO advisors or SME IPO Consultants play a crucial role in guiding the company through the IPO process. They assist with structuring the offering, preparing necessary documentation, IPO pricing with fair valuations, ensuring regulatory compliance, due diligence activity, and helping market the IPO to potential investors. Their expertise ensures a smooth and successful public listing.

IPO platform in India provides information on upcoming IPOs on NSE Emerge and BSE SME and list of merchant bankers and anchor investors. Role of IPO advisor is important in the success of the listings. 

Understand the role of IPO Advisors

The IPO process begins with the company’s decision to go public, followed by hiring key advisors such as IPO advisors, investment bankers, legal experts, and auditors. IPO advisors assist in finalizing the Best merchant banker in India. The lead manager carries out the IPO process and files DRHP.  

Top 10 Merchant Bnakers in India

Once SEBI/Stock Exchanges approves the DRHP, the company sets the price band or fixed price for shares and conducts a roadshow to generate investor interest.

Know more about DRHPs in detail.

After the IPO opens for subscription, investors can apply for shares, and the allotment will be made on the demand. Finally, the company’s shares are listed on the stock exchange, marking its entry into the public market. 

The Price-to-Earnings (P/E) multiple helps investors evaluate whether an IPO is fairly priced by comparing its valuation to industry peers. A high P/E suggests growth potential but may indicate overvaluation, while a low P/E signals affordability or weaker earnings prospects. 

A promoter is named in DRHP or RHP and one who exercises control over a company's operations.

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

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