IPO Listing - Mainboard and SME

Trade in equities

PRE-IPO CONSULTANCY

Swastika has a dedicated team of professionals, having expertise in structuring the company and providing guidance and support to make them ready for IPO.

Listing on SME Platforms

Listing on SME Platforms

Swastika, being SEBI registered CAT - I merchant banker, has launched 20+ SME IPOs. Check out the parameters of listing on SME & mainboard.

TRADE IN FUTURES

TRADE IN FUTURES

Find out whether your company can be listed on SME platform or main board:

Listing on Mainboard

Listing on Mainboard

From filing of DRHP to getting right investors, we help companies throughout the journey of launching a successful IPO.

Migrating from SME to Mainboard platform

Migrating from SME to Mainboard platform

We help companies which are already listed on SME platform to migrate to mainboard. Check out the criteria given below for more details.

Parameters	Mainboard	SME Platform
Post-issue paid-up capital	Minimum: 10 crore Maximum: No Limit	Minimum: No limit Maximum: 25 crore
Minimum Allottees in IPO	1000	50
IPO Underwriting	Non mandatory	Mandatory (100% Underwriting by Merchant Banker), its own underwriting 15%
IPO Grading	Mandatory	Non Mandatory
Track Record	Stringent track record norms like avg. operating profit of INR 15 cr. for last 3 years	Relaxed track record norms
Offer document vetting	To SEBI	To Exchange
IPO application Size	Minimum: INR 10,000 - 15000	Minimum: INR 1 lakh
		POST IPO
Reporting for audited A/C	Quarterly	Half-yearly
Market Making	Non- Mandatory	Mandatory (3 years from the day of listing)

Criteria for Migration to the Main Board

The company should be listed on the SME platform for 2 years.
SMEs are required to have paid-up equity capital shall not be less than Rs 10 crores and the market capitalization shall not be less than Rs 25 crores.
The company has not been referred to the Board for Industrial and Financial Reconstruction (BIFR)/ admitted in insolvency and Bankruptcy Code (IBC).
No proceedings have been admitted under Insolvency and Bankruptcy Code against the Promoting companies.
The net worth of the company is positive.
The company has not received any winding up petition admitted by NCLT.

Find out whether your company should be listed at main board or SME

Parameters for Listing

Post- issue paid up capital
Minimum allotees in IPO
IPO Underwriting
IPO Grading
Track Record
Offer document vetting
IPO application size
Reporting for audited A/C
Market Making

At Main Board*

Min : INR 10 Crores
Max : No Limit
1000
Non mandatory Eligibility 50%
max / Direct route 75% min
compulsory subscriptionto QIB's
Mandatory
Stringent track record norms
like average operating profit of
INR 15 Cr. for last 3 years
To SEBI
INR 10,000 - INR 15,000
Quarterly
Non Mandatory

CHECK YOUR ELIGIBILITY

At SME Board*

Min : No Limit
Max : 25 Cr.
50
Mandatory (100% Underwrting
among which 15% by Merchant
Banker inits own name)
Non - Mandatory
Relaxed Track record norms
To Exchange
Min : INR 1 Lakh
Half Yearly
Mandatory (for 3 years
from the date of listing)

CHECK YOUR ELIGIBILITY

Company Name

Issue Size

Opening Date

Document

Status

1

Multiplier AI Limited

-

September 30, 2024

Pdf File

Draft Red Herring Prospectus

1

Track Record of Aditya Ultra Steel Limited

45.88 Cr.

September 16, 2024

Pdf File

-

1

Aten Papers and Foam Limited

-

September 16, 2024

Pdf File

Draft Red Herring Prospectus

1

Aditya Ultra Steel Limited

45.88 Cr.

Pdf File

Advertisement for Basis of Allotment

1

Track Record of Bulkcorp International Limited

-

August 6, 2024

Pdf File

-

1

Track Record of Resourceful Automobile Limited

-

September 4, 2024

Pdf File

-

1

Track Record of Ideal Technoplast Industries Limited

-

September 4, 2024

Pdf File

-

Take a look at our successfully launched IPOs

Prolife Industries Limited

Prolife Industries Limited

Issue Size : 4.22 Crs.

Sanginita Chemicals Limited

Issue Size : 10.04 Crs.

Subscription recd : 20.88 Crs

Airen Limited

Issue Size : 14.85 Crs.

Subscription recd : 409.86 Crs

Sikko Industries Limited

Issue Size : 5.12 Crs.

Subscription recd : 63.49 Crs

Transwind Infrastructure Limited

Issue Size : 7.29 Crs.

Subscription recd : 164.83 Crs

Reliable Data Services Limited

Issue Size : 14.82 Crs.

Subscription recd : 665.42 Crs

Milton Industries Limited

Issue Size : 14.28 Crs.

Subscription recd : 195.49 Crs

Sharika Enterprises Limited

Issue Size : 13.87 Crs.

Subscription recd : 822.07 Crs

Zodiac Energy Limited

Issue Size : 10.14 Crs.

Subscription recd : 1045.4 Crs

Innovana Thinklabs Limited

Issue Size : 7.70 Crs.

Subscription recd : 19.17 Crs

Solex Energy Limited

Issue Size : 7.17 Crs.

Subscription recd : 137.13 Crs

Inflame Appliances Limited

Issue Size : 6.48 Crs.

Subscription recd : 16.85 Crs

Riding Consultant Limited

Issue Size : 6.55 Crs.

Subscription recd : 8.19 Crs

Indo Us Bio-Tech Limited

Issue Size : 7.29 Crs.

Subscription recd : 136.47 Crs

Megastar Foods Limited

Issue Size : 8.04 Crs.

Subscription recd : 12.94 Crs

Bright Solar Limited

Issue Size : 19.44 Crs.

Subscription recd : 409.86 Crs

Synergy Green Industries Limited

Issue Size : 26.46 Crs.

Subscription recd : 26.46 Crs

Aartech Solonics Limited

Issue Size : 7.20 Crs.

Subscription recd : 9.72 Crs

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Contact us

Mr. Mohit Goyal

Investment Banking Expert

0120 - 4400780

merchantbanking@swastika.co.in

0731-6644244

ib@swastika.co.in

Investors Grievance Id:

mb.investorgrievance@swastika.co.in

FAQs