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 |
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