What is the process of SME IPO?

The process of an SME (Small and Medium Enterprise) IPO in India involves several key stages, designed to take a privately held SME to a publicly listed company on an SME platform like NSE Emerge or BSE SME. Here's a breakdown of the typical process:

• Preparation: The company decides to go public, appoints a Merchant Banker and other advisors, and undergoes due diligence (financial and legal checks).
• Offer Document: A detailed document (Prospectus/DRHP) is prepared with company information and filed with the Stock Exchange (NSE Emerge/BSE SME) for approval. A Market Maker is appointed.
• Marketing: The IPO is marketed to potential investors.
• Public Issue: The IPO opens for public subscription (bidding for shares).
• Allotment & Listing: Shares are allotted to investors, and the company's shares are listed on the stock exchange, making them available for public trading.
• Post-Listing: The company adheres to ongoing compliance and disclosure norms.

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