What documents are required for NSE/BSE registration?

The minimum capital requirement for a company to list on the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE) depends on whether it is applying for a Mainboard or SME listing. The company must meet SEBI and exchange-specific financial criteria before getting approval.

1. Minimum Capital for NSE/BSE Mainboard Listing

For companies looking to list on the Mainboard of NSE or BSE, the following financial criteria must be met:

• Paid-up Capital: Minimum ₹10 crore.
• Net Tangible Assets: At least ₹3 crore in the last 3 years.
• Operating Profit: ₹15 crore in the last 3 years.
• IPO Compliance: The company must offer shares to the public through an Initial Public Offering (IPO).

2. Minimum Capital for SME Listing on NSE/BSE

For Small & Medium Enterprises (SME), the listing requirements are different:

• Paid-up Capital: Minimum ₹1 crore.
• Net Tangible Assets: At least ₹1.5 crore.
• Post-Issue Capital: Should not exceed ₹25 crore.
• Track Record: The company must have been operational for at least 3 years.

3. Additional Requirements for Listing

Apart from financial eligibility, companies must fulfill regulatory and compliance criteria:

• Demat Securities: All shares must be in dematerialized form.
• SEBI Approval: Companies must comply with SEBI (ICDR) Regulations.
• Public Shareholding: At least 25% of shares must be held by public investors.
• Company Background: No regulatory issues or legal disputes affecting credibility.

4. Conclusion

The minimum capital requirement depends on whether a company is opting for Mainboard or SME listing. Large companies must have a paid-up capital of at least ₹10 crore, while smaller companies can list with ₹1 crore. Meeting SEBI and exchange guidelines is crucial for a smooth listing process.