LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

BSE to Launch New Platform to List Startups Next Month

This platform will facilitate the listing of companies in sectors like IT, ITES, bio-technology and life sciences, 3D printing, space technology and e-commerce.

PTI

Updated:June 26, 2018, 10:50 AM IST
facebookTwittergoogleskypewhatsapp
BSE to Launch New Platform to List Startups Next Month
The Bombay Stock Exchange (BSE) logo is seen at the BSE building in Mumbai. (Photo: Reuters (File Photo)
Loading...
New Delhi: To make stock market listing attractive for startups, leading stock exchange BSE has decided to launch a new platform next month to list the new-age companies.

This platform will facilitate the listing of companies in sectors like IT, ITES, bio-technology and life sciences, 3D printing, space technology and e-commerce.

Besides, the platform will aid in listing of companies from hi-tech defence, drones, nano technologies, artificial intelligence, big data, virtual reality, e-gaming, robotics, genetic engineering, among other sectors.

In order to provide further incentive to startups, the exchange has announced BSE startup platform at its SME (small and medium enterprise) segment.

"We will launch the platform on July 9," an exchange official said.

Spelling out the criteria for the listing on the platform, the exchange said a company needs to have a pre-issue paid up equity share capital of a minimum of Rs 1 crore.

The company should be in existence for a minimum period of three years on the date of filing the draft prospectus with BSE. Besides, it should have a positive net-worth.

"The companies should preferably have investment by qualified institutional buyer (QIB investors)/ angel investors for a minimum period of two years at the time of filing of draft prospectus with BSE and such aggregate investment should be at least Rs 1 crore," the exchange said.

Further, the exchange said the firm seeking to list on the platform should not have been referred to National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code and there should be no winding up petition against the company that has been accepted by NCLT.

With regard to disclosures and migration to the main board, regulation applicable to BSE SME segment will be applicable to such firm.

Earlier this month, markets regulator Sebi had set up a panel that will look at ways to ease such listings as the existing institutional trading platform framework failed to gain "any traction".
| Edited by: Ahona Sengupta
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 285.30 5.78
Yes Bank 201.50 -3.29
Mindtree 867.85 3.17
Reliance 1,134.45 -0.13
Axis Bank 676.65 1.91
Company Price Change %Gain
Jet Airways 284.80 5.09
ICICI Bank 373.35 -0.47
Yes Bank 201.45 -3.31
Reliance 1,133.75 -0.03
SBI 297.35 -1.78
Top Gainers
Company Price Change %Gain
BPCL 355.20 2.29
GAIL 332.40 2.12
Axis Bank 676.65 1.91
HCL Tech 954.70 1.75
Bharti Infratel 280.45 1.67
Company Price Change %Gain
Axis Bank 676.30 1.91
HCL Tech 954.80 1.77
HDFC 2,004.25 1.51
TCS 1,895.10 1.34
Kotak Mahindra 1,220.10 1.24
Top Losers
Company Price Change %Gain
Sun Pharma 426.55 -6.00
Yes Bank 201.50 -3.29
Zee Entertain 440.90 -2.48
SBI 297.40 -1.90
Eicher Motors 20,369.95 -1.76
Company Price Change %Gain
Sun Pharma 427.15 -5.78
Yes Bank 201.45 -3.31
SBI 297.35 -1.78
Bajaj Finance 2,535.60 -1.45
HUL 1,750.10 -1.12

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results