An SME IPO (Small and Medium Enterprise Initial Public Offering) allows small and medium-sized companies to raise funds by getting listed on the stock exchanges. To be eligible, a company must meet certain criteria set by SEBI (Securities and Exchange Board of India). The requirements include a post-issue capital between Rs 3 crore to Rs 25 crore, a track record of positive net tangible assets or distributable profits for at least two years, and a minimum public shareholding of 25%. Interested investors can apply for SME IPOs using UPI (Unified Payments Interface) apps or through authorized merchant bankers. SME IPOs offer an opportunity for investors to participate in the growth of promising small and medium enterprises in India.
Cheers! to your next 21%
