Companies that do not meet the Rule 6(1) IPO eligibility criteria can opt for Mainboard IPO listing through the QIB Route under Rule 6(2). The regulation is brought under effect for companies which do not meet the profitability criteria but have good growth prospects in the future. SEBI ICDR Regulation permits the listing of such companies but by limiting the retail participation. 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.
As per the SEBI regulations, You are eligible for listing.
In accordance with ICDR Rule 6(2):
(a) the issue is conducted through the book-building process, and
(b) to allocate at least seventy-five percent of the net offer to Qualified Institutional Buyers (QIBs), with a full refund of the subscription amount if this allocation is not met.
Since one or more conditions are not met, You are not eligible yet.
We can help you become IPO ready. Contact Us Now!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.
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.
When a company raises funds through an IPO (Initial Public Offering), following things should be kept in mind;
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.
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.
Why Us?