NSE tightens listing rules for SME platform

[ad_1] The Nationwide Inventory Change (NSE) has applied stricter norms for corporations itemizing on its SME platform, following the SEBI board's choices.

Firms will need to have an working revenue of Rs 1 crore in two out of the final three years. Promoters can't promote greater than 20% of the difficulty measurement in an Provide 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 modifications purpose to reinforce compliance and investor safety within the SME phase.

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