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Ready to Go Public with Entersliceโ€™s NSE Listing Services?

Our NSE listing services include preparing the Draft Red Herring Prospectus, assisting with the appointment of a merchant banker, conducting due diligence, and liaising with SEBI for in-principle approval. Weโ€™ll also help you with IPO marketing & subscription, business model preparation, and annual disclosure filings with the ROC and SEBI.

Apply for the National Stock Exchange listing via an initial public offering (IPO) and raise funds on Indiaโ€™s top exchange platform that has a capitalization of more than USD 4.5 trillion.

Our experts at Enterslice liaise with SEBI, NSE, and ROC throughout the application process. Connect with strategic investors and file your quarterly/annual results on time to avoid unnecessary penalties.

Indiaโ€™s Largest Stock Exchange

Major Sectors- Tech, Banking, and Insurance

Number of Companies Listed: 2600+

Approx 700 SMEs Listed on NSE Emerge

Benchmark Index- Nifty Indices

Comply with SEBI Regulations

National Stock Exchange Listing in One Window Solution with Enterslice

Now convert your private company to a public limited company for national stock exchange listings. Contact Enterslice and deep dive into the eligibility criteria for NSE listing through a 30-minute free consultation.

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What Are the Benefits of NSE Listing for a Company?

The benefits of the NSE listing for a company include seamless funding, enhanced brand image, credibility in the market, increased trust, and secure capital. Key advantages of National Stock Exchange listing are as follows:

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Easy Access to Funding

You can easily raise funds for business expansion or make debt repayments through initial public offerings on Indiaโ€™s largest trade platform after you list your company on the NSE. Mergers and acquisitions can be easier if you have enough investors.

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Increased Visibility in the Market

Companies that are listed on the National Stock Exchange of India get enhanced visibility in the market and establish a better public profile, improving trust amongst the stakeholders.

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Better Liquidity

The National Stock Exchange provides better liquidity options with an automated exchange trading platform, enabling investors to buy and sell shares seamlessly via a streamlined portal.

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Transparency

The market trends, demand, and supply provide a fair valuation of the companyโ€™s shares and financial projections for the stakeholders, so they can make a sound decision while trading.

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Connection With High Profile Investors

After an NSE listing IPO, you can attract long-term enhanced investment from high-profile stakeholders and investors in the market.

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Investor Confidence

With strict SEBI compliance, you can establish proper corporate governance, which in turn increases the investor's confidence, ensuring proper fundraising.

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Access to a Talented Workforce

You can also provide/offer stock options like ESOPs to attract the best talent in the market for your companyโ€™s operations.

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Regulatory Standing and Governance

Compliance with NSE and SEBI norms improves corporate governance, transparency, and accountability.

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Fair Valuation

The market ascertains the companyโ€™s value based on demand and supply, providing a transparent price for its shares.

What Documents Are Required for NSE Listing IPO?

The list of documents required for the NSE listing IPO is mentioned below-

Company registration certificate 

Trade license & regulatory approvals

Memorandum of Association (MOA)

Articles of Association (AOA)

TAN number of the entity

Permanent Account Number (PAN) of the company

PAN and Aadhaar card of directors and promoters

Share Certificates and pattern records

Register of Members, like directors and key managers

Register of charges

Minutes of the board and annual general meetings of the last 3 years

Agreement copies of shareholder and share subscriptions (if any)

ESOP scheme documents (if any)

Due diligence report

Audit the secretarial reports of the last three years

Vendor, supplier, and third-party agreements & contracts

A list of pending litigations (if any) and related disclosures

Disclosures on related party transactions

Labor law compliance paperwork attachments

Secretarial report

List of all Intellectual Properties and domains of the company

Data protection compliance

Fit and proper declarations

Criminal background and eligibility disclosures

Director Identification Number (DIN)

CVs and Resumes of all personnel

Affidavit for declaration on criminal conviction & SEBI debarment

Information on group companies and related parties, if any

Declarative statements on non-willful default

A credit report authenticated by a scheduled bank

Identification of the merchant banker and lead counsel

Director Signature Certificate (DSC)

What Types of Securities Are Available for NSE Listing for a Company in India?

Check out the types of securities for NSE listing for a company in India, as explained below:

Equity

Equity is a type of security that provides ownership to investors via shares. It is issued through initial public offering, follow-up public offering (FPO), rights issue and offer for sale (OFS).

Preference Shares

A preferential share is a hybrid type of instrument, including cumulative, redeemable, convertible, and non-cumulative. Mostly for structured fundraising. It is one of the types of securities available for NSE listing for a company in India.

Debentures

Debt instruments, such as partly, fully, or non-convertible debentures, secured/unsecured, corporate/green/infrastructure bonds, and PSUs, to raise long-term debt. The investors earn interest in their investment.

Warrants

Investors buy them to convert them into equity at a later and specific date. It includes convertible debentures and preference shares. Common amongst strategic investors. This type of security often comes with a lock-in period.

Units of Investment Vehicles

Investment vehicles include Real Estate Investment Trust (REITs), Infrastructure Investment Trust (InvIT), Exchange Traded Fund (ETFs), and mutual funds. These donโ€™t represent companies but are listed on the National Stock Exchange.

IPO-Specific Regulatory Documentation for National Stock Exchange Listing

The list of IPO-specific regulatory documentation required for National Stock Exchange Listing includes the following:

A Draft Red Herring Prospectus (DRHP)

SEBIโ€™s observation letter (post-approval)

Red Herring Prospectus (RHP)

Final Prospectus (filed with the ROC)

In-principle approval letter by the NSE

NSE listing application and execution agreement

Identification of the merchant banker

Due diligence certificates

Underwriting agreement by the merchant banker

RTI, escrow, and syndicate agreements

Tripartite agreement between (company, NSDL/CSDL, RTA)

Code of fair disclosure and conduct

Related transaction and whistleblower policy

Risk management, CRS, & vigil mechanism policy

Insider Trading Code as per the SEBIโ€™s PIT-compliant rules

How to Apply for NSE Listing IPO With Enterslice?

Find out how Enterslice will help you apply for the NSE listing IPO, as detailed below:

Preliminary Eligibility Check

Firstly, weโ€™ll help you determine if youโ€™re eligible for the National Stock Exchange listing. The company must be incorporated/converted as a public limited company. It should satisfy the minimum required paid-up capital, net worth, profit distribution, and personnel requirements.

Appointment of Key SEBI-Compliant Personnel

Enterslice will assist you in appointing key personnel, including independent directors, secretarial/statutory auditor, lead counsel, RTA, and a SEBI-registered merchant banker. Your lead banker can be the market maker as well as who will also underwrite your IPO.

Corporate Governance and Due Diligence

Our associates will help you modify the articles of association and memorandum of association, conduct due diligence on related party transactions, transfer pricing, legal, finance, operations, and tax. We'll also help you restate the audited financial statements in accordance with the applicable accounting standards.

Draft Red Herring Prospectus (DRHP)

The next step is to prepare the DRHP before the NSE listing application. The draft will include the companyโ€™s overview, risk assessments, financial statements, background verification of promoters/directors, use of proceeds, and pending litigation/lawsuits (if any). We'll help you prepare the document in line with SEBI regulations.

Submission of the Draft Prospectus to the SEBI

The Securities and Exchange Board of India will review your application and publish it on their website, NSE, and the lead managersโ€™ website to allow review from the public. The SEBI will consider issues it may deem fit and subsequently seek clarifications from you regarding the same.

Receive SEBIโ€™s Observation Letter

In the next step, we'll liaise with the SEBI on your behalf in line with your lead counsel in case the former has any questions or concerns regarding disclosures or omissions thereof from the draft prospectus (DRHP). After potential changes and subsequent verification, the SEBI issues the observation letter.

Filing of the Prospectus (RHP) With the Registrar

We'll help you apply for the NSE listing IPO with the approved Red Herring Prospectus, with SEBIโ€™s observation letter to the Registrar of Companies for further compliance with the Companies Act of 2013. The ROC will check if your prospectus includes the statutory disclosures and includes mandatory declarations. The authority will register the document if everything is in line with the relevant laws.

Investor Allocations and Marketing

At this stage, weโ€™ll assist you in connecting with potential anchor investors before the Initial Public Offering is opened through presentations and marketing. Eligible stakeholders include mutual funds, insurance corporations, pension funds, banks, and other QIBs.

Discover the Price

Your appointed merchant banker (lead) will determine the floor and cap price and disclose it on the Red Herring Prospectus (RHP), newspaper advertisements, and the NSE website. The price cap is announced, and the IPO is open for three days. Subsequently, the bids are collected by the Application Supported by Blocked Accounts (ASBA).

Finalize the Price

Once the issue is closed, the Book Running Lead Manager (merchant banker) will analyze the order book and finalize the cut-off price. The process allows the company to minimize the chances of issue overpricing in relation to market trends.

Allotment and Registration With the ROC

The appointed RTA will prepare the basics of allotment and submit it to the NSE, which then approves the same. The allotment consists of details of various stakeholders like shareholders, employees, retail investors, and QIBs. After finalization, the final allotment is submitted to the Registrar for registration if all mandates are met.

Share Credit to Demat Account

After finalization, the shares are credited to the Demat account of the successful users, and refunds are accordingly issued to the unsuccessful ones before the National Stock Exchange listing.

Obtain Final Approval From the NSE

The NSE will grant the final approval if your listing agreement is executed (LODR), corporate governance is compliant, and the ISIN is activated. The National Stock Exchange will issue the circular, officially announcing that your shares are eligible for dealing on their exchange. You can now start trading on the platform after the NSE listing.

Confused about NSE Listing Process?

What is the Timeline for the National Stock Exchange Listing of an IPO?

The timeline for the National Stock Exchange Listing for an IPO is as follows:

Initial Preparation: 4 to 12 weeks

Convert your private company to a public limited company and appoint a lead manager, independent directors, lawyers, RTA, and auditors. You should also conduct financial and legal due diligence to ensure corporate governance is aligned with the SEBI and NSE rules.

DRHP Filing: 1 Day

Submit the Draft Red Herring Prospectus to the SEBI and NSE. The Securities and Exchange Authority will publish the documents on its website.

SEBI Evaluation and Issuance of Letter: 7 to 12 weeks

Promptly answer all clarifications and queries by the SEBI to ensure faster approval of the National Stock Exchange listing for your public limited company.

IPO Structuring and Marketing: 2 to 4 weeks

Network with anchor investors/QIBs and develop marketing strategies for your NSE listing IPO. Subsequently, decide the price cap and finalize the underwriting, syndicate, and RTA agreements.

Register the RHP with the ROC: 1 Day

Submit the Red Herring Prospectus with a final cut-off price to the Registrar of Companies (ROC), who will then register it in their records.

NSE IPO Listing Opening: 1 to 3 days

The Initial Public Offering will open for three days, and investors will bid through the ASBA. This stage will determine the book building prize.

Allotment: 1 to 6 days

The IPO closes after the 3rd day of listing, and the allotments are finalized. You should credit the shares and issue the refunds accordingly within the timeline. Subsequently, the NSE will grant final approval for trading on its platform, and your companyโ€™s shares will be listed on the exchange.

Eligibility Criteria for NSE Listing IPO

The key eligibility criteria for NSE listing IPO are as follows:

  • Must be a public limited company.
  • The entity should have dematerialized shares.
  • Directors and promoters should be free of SEBI debarment & bankruptcy.
  • Proper board structure with independent directors (at least 3).
  • Top management should not be willful or default on loans.
  • All directors should undergo fit and proper testing.
  • A SEBI-registered merchant banker must be appointed.
  • Appointment of legal counsel, statutory auditor, and secretarial professional.
  • Complete corporate governance structure.
  • The company must be operational for at least three years.
  • The entity should have a positive net worth.
  • The paid-up capital post NSE listing must be between INR 1 and 25 crores.
  • Net tangible assets should be at least INR 3 crore in the last three years.
  • A net worth of INR 1 crore, individually, in all three years.
  • The entity must have distributed profits in the last 3 out of 5 years.
  • The SEBI-registered merchant banker 100%
  • Compulsory 100% underwriting by the banker.
  • A market maker should be appointed for at least 3 years (merchant banker).
  • The IPO must be issued to at least 50 shareholders for SMEs.
  • At least 25% public shareholding after IPOs.
  • The company must mandatorily issue the book building.
  • Establish a proper and functional website for the proposed entity.
  • Formation of the audit, NRC, and stakeholder relationship committee.
  • At least 20% of the post-issued capital contribution by promoters.
  • At least INR 10 crore post-issue capital for startups going the QIB route. 

Obtain expert guidance and meet the eligibility criteria for NSE listing.

What are the Types of NSE Listing?

Initial Public Offering (IPO) and Follow-on Public Offer (FPO) are the primary types of NSE listings that can be carried out, as explained below:

Main Board Listing

The main board listing is for large-cap and established companies with high-profile track records. Companies are required to follow heavy compliance after NSE listing with financial requirements.

SME Emerge Platform Listing

A small and medium enterprise listing platform is designed for small, but emerging firms with slightly fewer mandates with respect to compliance and capital adequacy.

Compliance Requirements After the NSE Listing for a Company

The compliance requirements after the NSE listing for a company are as follows:

  • Submit half-yearly financial results within 45 days of the end of the FY.
  • Disclose material information under Regulation 30 with a 24-hour timeline.
  • Disclose the shareholding pattern during regular intervals.
  • Mandatory maintenance of a company website.
  • Registration with SCORES and investor grievance redressal.
  • Continuous compliance with SEBI’s insider trading regulations.
  • Monitor promoter shareholding and pledges.
  • Record and register share transfer and Demat via RTA.
  • Framing of market maker agreement and compliance for 3 years.
  • File annual audited financial statements within 60 days of year end.
  • Submit an auditor’s report after the NSE listing IPO.
  • Report shareholding patterns, capital, & investor complaints within 6 months of operations.
  • Appoint a compliance risk officer (mostly a certified CS).
  • Draft insider trading, code of conduct, fair trade, and related party policy.
  • Hold annual general and shareholder meetings with timelines.
  • Submission of board processes and minutes of each meeting.
  • Disclose AGM meeting outcomes to the NSE Emerge.
  • Facilitate E-voting based on shareholding count.
  • Report the voting results to the NSE and SEBI.
  • Ensure the market-maker agreement remains active for 3 years from listing.
  • Report any change in the shareholding pattern and personnel to the NSE.
  • Conduct a secretarial audit after the National Stock Exchange listing.
  • Inform the NSE if there’s a change in banker or market maker.
  • File the annual returns via MGT-7 and AOC-4.
  • Compulsory director disclosures through MBP-1 & DIR-8.

Get Expert NSE Listing Roadmap in 5 Minutes with Enterslice

From eligibility check to NSE listing, weโ€™ve got you covered at Enterslice.

  • 100% Digital Process
  • Zero Compliance Gaps

Why Trust Enterslice for NSE Listing Services for a Company?

Enterslice is a trusted compliance partner for SMEs and business giants. With over 10,000 experts, we bring in 10+ years of proven experience in business restructuring, tax planning, and fundraising. Connect with authentic anchor investors and raise capital seamlessly. Key reasons for trusting us for NSE listing services for a company:

  • 918+ Businesses Successfully Registered through our NSE Listing Services
  • End-to-end Support- from In-principle Approval to Final Authorization
  • Connect with SEBI-registered Bankers- Manage Underwriting Procedures
  • 100% Fee Transparency- No Hidden Charges
  • 99% SEBI, NSE, and ROC Compliance Accuracy Guaranteed
  • 99%+ Approval Success for NSE Listings
  • Stay Penalty-free- On Time AOC-4 and MGT-7 filings
  • Reduce Listing Delays by 40%
  • Get Expert NSE Roadmap in 30 Minutes

Frequently Asked Questions on National Stock Exchange Listing

The NSE emerge is a platform specifically designed for small and medium enterprises and startups in India. As an SME, you can raise funds, expand your business, and enhance your visibility in the market with cost-effective compliance requirements compared to large companies.

An IPO is a procedure that allows private companies to offer their shares to the public through a stock exchange. The company must first convert into a public limited entity prior to the listing application to the SEBI, ROC, and NSE.
On the contrary, a follow-on public offer is basically listing new shares by an already existing (listed) company on the National Stock Exchange.
The IPO pricing is determined via a book-building process, whereas the FPO band is mostly market-driven as per the latest trends.

The list of financial documentation for listing on the National Stock Exchange is as follows:

  • Audited financial statements of the last three years, including balance sheets, profit and loss accounts, and cash flow. 
  • Tax audit reports
  • Management discussion and analysis (MD&A)
  • Financial projections in the case of past business restructuring
  • Contingent liability declaration
  • A capitalization statement 

Yes, the lock-in period is one year if the promoter has more than 20% of the holding of the Initial public offering.

Yes, normal IPOs must have at least 25% public shareholding, with 20% minimum for promoters. However, the large issues of INR 4000 and more should be listed with 10%, then subsequently go up to 25%.

The National Stock Exchange will levy the following fines (in INR per day) in case of delay in submissions under the SEBI LODR (Listing Obligations and Disclosure Requirements) Regulations of 2015:

  • Annual or quarterly results: 5,000 to 50,000
  • Shareholder pattern submission: 2,000 to 5,000
  • Investor grievance: 1,000 to 2,000
  • Corporate governance report: 5,000
  • Late appointment of independent directors and non-formation of mandatory committees: 5,000 (individually).
  • An INR 10 lakh and above will be imposed if you fail to inform the SEBI and NSE of any substantial event.

The NSE has the power to freeze promoter shareholding (demat accounts), restrict transfers and pledge of shares, label your company as non-compliant, and suspend trading of your entity's shares. They may also move your company under a surveillance and monitoring category.
The SEBI may impose additional penalties, ranging between INR 10 lakhs and 25 crores, in case of serious non-compliance. The authority may also debar directors/promoters, file lawsuits for criminal prosecution against allegations like fraud, insider trading, and willful market manipulation.

A DRHP is a draft document filed with SEBI and the NSE to obtain approval before listing a company on the National Stock Exchange. The documents include details about the entityโ€™s finances, legal proceedings (if any), personnel, risk areas, and business due diligence.

At Enterslice, we'll help you with: 1) company conversion; 2) revision of MOA/AOA; 3) due diligence; 4) KYC compliance; 5) insider trading and other SEBI-mandated policy drafting; 6) agreement and contract formation; 7) preparation of Draft Red Herring Prospectus and modification; 8) coordinate with the NSE, ROC, and SEBI; 9) quarterly and annual disclosures and filings; and 10) appointing mandatory personnel like bankers and legal professionals.

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