---
title: "What are the listing requirements for Small and Medium Enterprises (SMEs), and how are they different from mainboard IPOs?"
description: "The listing requirements for Small and Medium Enterprises (SMEs) are:"
category: arrow
subcategory: ipo
slug: what-are-the-listing-requirements-for-small-and-medium-enterprises-smes-and-how-
canonical: https://support.arrow.trade/arrow/ipo/what-are-the-listing-requirements-for-small-and-medium-enterprises-smes-and-how-/
---

# What are the listing requirements for Small and Medium Enterprises (SMEs), and how are they different from mainboard IPOs?

> The listing requirements for Small and Medium Enterprises (SMEs) are:

## Short answer

The listing requirements for Small and Medium Enterprises (SMEs) are:

Post-Issue Paid-up Capital: The company’s post-issue paid-up capital, i.e., face value, should not be more than ₹25 crores.

Track Record: The company must have a track record of at least three years. If the company has not been operational for three years, it must have been funded by banks, financial institutions, central or state government, or be a part of a group company listed on either the main board or SME board of the exchange for at least two years.

Cash Accruals and Net Worth: Operating profit from operations for at least any 2 out of 3 financial years and a positive net worth.

To learn more about listing SMEs on the exchange, see NSE (WEB) and BSE (WEB).

The differences between SME and mainboard IPOs are:

The application process for SME IPOs is the same as for other IPOs.

Did you know? If an SME meets the requirements for a mainboard IPO, its listing requirements can change accordingly. To learn more, visit nseindia.com/products-services/innovators-growth-platform-migration-to-the-mainboard.

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Source: https://support.arrow.trade/arrow/ipo/what-are-the-listing-requirements-for-small-and-medium-enterprises-smes-and-how-/
Publisher: Arrow / iRage Broking Services LLP