Listing Procedure

The 5 P'S of Listing Process on BSE SME


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


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


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.

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.

Post Listing

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