What is SME’s IPO?

What is SME’s IPO?

An SME’s IPO is issuing of shares to the public for the first time by a privately owned Small and Medium Enterprise (SME) company.
Eligibility for SME IPO: In India, Companies with minimum post issue capital of ₹ 1 crore and a maximum of ₹ 25 crores are eligible for SME IPO.
Stock exchange for SME IPO: -Both BSE and NSE allows SME companies to raise funds and get listed at the exchange through separate platforms:

1. BSE's Platform for SME's IPO : - BSE SME
2. NSE's Platform for SME's IPO : - NSE EMERGE