The National Stock Exchange (NSE) on December 23, 2024, issued Additional Eligibility criteria for listing on NSE Emerge.
In view of the Press Release No. 36/2024 dated December 18, 2024 issued by the Securities and Exchange Board of India (SEBI), NSE is prescribing the following additional conditions for listing on NSE Emerge:
• An issuer shall have an operating profit (earnings before interest, depreciation and tax) of INR 1 crore from operations for any 2 out of 3 previous financial years .
• Offer for sale (OFS) by selling shareholders in SME IPO shall not exceed 20% of the total issue size and selling shareholders cannot sell more than 50% of their holding.
• SME issues shall not be permitted, where objects of the issue consist of Repayment of Loan from Promoter, Promoter Group or any related party, from the issue proceeds, whether directly or indirectly.
The revised Eligibility criteria for listing on NSE Emerge Platform is as per Annexure to this circular.
[Circular No. 2447/2024]
