Difference Between Main Board IPO and SME IPO

 

Difference Between Main Board IPO and SME IPO

Main Board IPO
IPO stands for Initial Public Offering. General IPO comes under the Main Board IPO. Mainboard IPO generally have large IPO issue size. These IPO get listed on NSE and BSE.

SME IPO
SME IPO stands for Small and Medium Enterprise Initial Public Offering. Companies with small investments and turnover comes under SME and these companies issue SME IPO. NSE and BSE has separate listing platforms for SME IPOs.

Is IPO and SME IPO same?
So, it is the most common question among new investors. An investor can invest in both the IPOs but there is some difference between IPO and SME IPO.

Main Board IPO vs SME IPO

Criteria

Main Board IPO

SME IPO

Minimum Post Issue Paid Up Capital

₹10 Cr.

₹1 Cr.

Maximum Post Issue Paid Up Capital

Nil

₹25 Cr.

IPO Application Size

₹10,000 - ₹15,000

₹1,00,000

 

Offer Document Vetting

By SEBI

By Stock Exchange

Minimum Allotees in IPO

1000

50

IPO Underwriting

Non-Mandatory (Under 50% compulsory subscription to QIB's)

Mandatory (100% underwritten with Merchant Banker underwriting 15%)

Timeframe

6 months onwards

3 to 4 months onwards

Reporting Requirement

Quarterly

Half-Yearly


To get update about latest and upcoming IPO and SME IPO, Click Here



Related Articles