What is the difference between listing requirements for NSE and BSE?

Both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) have specific listing requirements that companies must meet to get listed. While the fundamental criteria are similar, there are some key differences in market capitalization, financial track record, and public shareholding.

1. Minimum Capital Requirement

Companies must meet the following minimum post-issue paid-up capital requirements:

• NSE: At least ₹10 crore (₹100 million).
• BSE: At least ₹3 crore (₹30 million) for BSE SME platform and ₹10 crore for the main board.

2. Financial Track Record

Companies must show consistent financial performance before listing:

• NSE: Minimum of ₹15 crore (₹150 million) net worth and profitability in at least 3 of the last 5 years.
• BSE: Minimum of ₹5 crore (₹50 million) net worth and positive net tangible assets for the last 3 years.

3. Minimum Public Shareholding

Companies must ensure a minimum percentage of shares are available to the public:

• NSE: At least 25% of the post-issue capital must be held by the public.
• BSE: At least 25% public shareholding for mainboard and 10% for SME companies.

4. Minimum Number of Shareholders

Both NSE and BSE require a minimum number of shareholders before listing:

• NSE: At least 1,000 public shareholders.
• BSE: At least 500 public shareholders.

5. Conclusion

The listing requirements for NSE and BSE differ in terms of minimum capital, financial history, and public shareholding. Companies must carefully evaluate which exchange aligns best with their financial health and growth objectives before applying for listing.