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SEBI plans sweeping SME IPO rule changes, raises profit threshold to ₹3 crore
Source: Hindu BusinessLine · 2 hr ago
Summary
The Securities and Exchange Board of India (SEBI) is set to overhaul the rules governing IPOs for small‑ and medium‑sized enterprises. It will replace the current requirement based on a company’s paid‑up capital with new thresholds based on the market value of the firm after the issue, and it will raise the profit benchmark to three crore rupees. These changes aim to tighten eligibility criteria for SME listings.
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From the original report
SEBI has also proposed to replacing the existing paid-up capital-based eligibility criteria with post-issue market capitalisation thresholds
Excerpt from Hindu BusinessLine.
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