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In this article we shall discuss the BSE (Bombay Stock Exchange) listing process and requirements.
The following eligibility criteria have been prescribed for listing of companies on BSE, through Initial Public Offerings (IPOs) & Follow-on Public Offerings (FPOs):
Take permission to use the name of BSE in a Company’s Prospectus
Companies which desire to list their shares/ securities offered through a public issue are compulsorily required to obtain the prior permission of BSE to use their name in their prospectus and other documents before filing the same with the Registrar of Companies (ROC).
Then, BSE may grant permission to companies to use the name of BSE in their prospectus/offer documents.
Then comes the Letter of Application
A Letter of Application of company which is seeking to list its securities on Bombay Stock Exchange(BSE) is required to submit to all the designated stock exchanges where it wants to have its securities listed before filing the same with the Registrar of Companies (ROC).
Allotment of Securities
Within 30 days of the date of closure of the subscription list, a company is required to complete allotment of shares and then approach the Designated Stock Exchange for approval of the basis of allotment.
A company should take trading permission as per SEBI Guidelines, and an issuer company should complete all the formalities for trading which are required for all the designated stock exchanges where the securities are to be listed that too within 7 working days of finalization of the basis of allotment.
By 30th April of every financial year, all listed companies are required to pay BSE listing fees as per the Schedule of Listing Fees prescribed from time to time.
The basic requirements for SME listing are as follows:
The SME listing process is an easy process to follow. It is provided as under –
BSE is the oldest stock exchange in India. The BSE Listing process requires proper compliance of every aspect including documentation. It also includes payment of prescribed fees for Listing. Consider reading our blogs for more information on the same.
Read our article:Shares Listing Procedure in India