Additional Details
Qualifications for listing Initial Public Offerings (IPO)
Paid-up Capital
(i)The paid-up equity capital of the applicant shall not be less than 
10 crores * and the capitalization of the applicant's equity shall not be less than 25 crores**.
(ii)Conditions Precedent to Listing:
The Issuer shall have adhered to conditions precedent to listing as emerging from inter-alia from Securities Contracts (Regulations) Act 1956, Companies Act 1956/2013, Securities and Exchange Board of India Act 1992, any rules and/or regulations framed under foregoing statutes, as also any circular, clarifications, guidelines issued by the appropriate authority under foregoing statutes.
(iii)At least three years track record of either
- the applicant seeking listing; or
- the promoters****/promoting company, incorporated in or outside India or
- Partnership firm and subsequently converted into a Company (not in existence as a Company for three years) and approaches the Exchange for listing. The Company subsequently formed would be considered for listing only on fulfillment of conditions stipulated by SEBI in this regard.
For this purpose, the applicant or the promoting company shall submit annual reports of three preceding financial years to NSE and also provide a certificate to the Exchange in respect of the following:
- That the company has not referred to the Board of Industrial & Financial Reconstruction (BIFR) &/OR No proceedings have been admitted under Insolvency and Bankruptcy Code against the issuer and Promoting companies.
- The company has not received any winding up petition admitted by an NCLT
- The net worth of the company should be positive. (Provided this criterion shall not be applicable to companies whose proposed issue size is more than Rs.500 crores)
[*Net Worth – as defined under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
****Promoters mean one or more persons with a minimum of 3 years of experience of each of them in the same line of business and shall be holding at least 20% of the post issue equity share capital individually or severally.
(iv) The applicant desirous of listing its securities should satisfy the exchange on the following:
- Redressal Mechanism of Investor grievance
- Defaults in payment
