IPO Listing
Get financial restructuring advice from SEBI registered category - I merchant banker.
GET IN TOUCHPre-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
Swastika, being SEBI registered CAT - I merchant banker, has launched 20+ SME IPOs. Check out the parameters of listing on SME & mainboard.
Parameters of listing on SME & Mainboard
Find out whether your company can be listed on SME platform or main board:
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
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.
Awarded by NSE
for Great Contribution to SME listing
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
Post - IPO
- 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
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)
Take a look at our successfully launched IPOs

Prolife Industries Limited
Issue Size : 4.22 Crs.
Subscription recd : 18.23 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
FAQs
- Expand the investors base
- Financial benefits
- Equity financing opportunities
- Enhance companies visibilities & recognition
- Encourage innovation
- Enhance corporate governance & credibility
- Selection of merchant banker
- Restructuring of Pre-IPO capital
- Due-diligence & Pre-IPO Preparation
- Valuation of issue pricing
- Preparation of draft prospectus
- Marketing strategy
- Preparation and filling of draft prospectus with exchanges
- Issue Pricing and allocation
- Listing
- Market making (in the case of SME IPO)