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What is difference between Mainline IPO & SME IPO?

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Companies with minimum post-issue paid-up capital of Rs 10 crores can raise funds and get listed at the BSE and NSE exchanges through Mainboard IPO.

Companies with minimum post-issue capital of Rs 1 crore and maximum Rs 25 crores are eligible for SME IPO. BSE SME and NSE Emerge platform allows Small and medium enterprises (SME) to raise funds and get listed at the exchange through an SME IPO.

Mainboard IPO Vs SME IPO

Basis of Difference Main Board IPO SME IPO
Post-issue paid up capital Minimum post issue paid up capital of Rs 10 crore Minimum post issue capital of Rs 1 crore and maximum Rs 25 crore
Minimum Allotees in IPO Minimum number of allotees should be 1000 Minimum number of allotees should be 50
IPO Underwriting Non-Mandatory (Under 50% compulsory subscription to QIB's) Mandatory (100% underwritten with Merchant Banker underwriting 15%)
Track Record Stringent norms Relaxed norms
Offer Document Vetting By SEBI By Stock Exchange
IPO Application Size Rs 10,000 - Rs 15,000 Rs 1,00,000
IPO Timeframe 6 months onwards 3 to 4 months
Reporting Requirement Quarterly Half yearly
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