Trade in equities

PRE-IPO CONSULTANCY

Swastika has a dedicated team of professionals, having expertise in structuring the company and providing guidance and support to make them ready for IPO.

Trade in commodity

Listing on SME Platforms

Swastika, being SEBI registered CAT - I merchant banker, has launched 20+ SME IPOs. Check out the parameters of listing on SME & mainboard.

Trade in Futures

TRADE IN FUTURES

Find out whether your company can be listed on SME platform or main board:

Intraday trading

Listing on Mainboard

From filing of DRHP to getting right investors, we help companies throughout the journey of launching a successful IPO.

Trade in currency

Migrating from SME to Mainboard platform

We help companies which are already listed on SME platform to migrate to mainboard. Check out the criteria given below for more details.

Parameters Mainboard SME Platform

Post-issue paid-up capital

Minimum: 10 crore
Maximum: No Limit

Minimum: No limit
Maximum: 25 crore

Minimum Allottees in IPO

1000

50

IPO Underwriting

Non mandatory

Mandatory (100% Underwriting by Merchant Banker), its own underwriting 15%

IPO Grading

Mandatory

Non Mandatory

Track Record

Stringent track record norms like avg. operating profit of INR 15 cr. for last 3 years

Relaxed track record norms

Offer document vetting

To SEBI

To Exchange

IPO application Size

Minimum: INR 10,000 - 15000

Minimum: INR 1 lakh

POST IPO

Reporting for audited A/C

Quarterly

Half-yearly

Market Making

Non- Mandatory

Mandatory (3 years from the day of listing)

Criteria for Migration to the Main Board

  1. The company should be listed on the SME platform for 2 years.
  2. SMEs are required to have paid-up equity capital shall not be less than Rs 10 crores and the market capitalization shall not be less than Rs 25 crores.
  3. The company has not been referred to the Board for Industrial and Financial Reconstruction (BIFR)/ admitted in insolvency and Bankruptcy Code (IBC).
  4. No proceedings have been admitted under Insolvency and Bankruptcy Code against the Promoting companies.
  5. The net worth of the company is positive.
  6. The company has not received any winding up petition admitted by NCLT.

Find out whether your company should be listed at main board or SME

Parameters for Listing
  • Post- issue paid up capital
  • Minimum allotees in IPO
  • IPO Underwriting
  • IPO Grading
  • Track Record
  • Offer document vetting
  • IPO application size
  • Reporting for audited A/C
  • Market Making
At Main Board*
  • Min : INR 10 Crores
    Max : No Limit
  • 1000
  • Non mandatory Eligibility 50%
    max / Direct route 75% min
    compulsory subscriptionto QIB's
  • Mandatory
  • Stringent track record norms
    like average operating profit of
    INR 15 Cr. for last 3 years
  • To SEBI
  • INR 10,000 - INR 15,000
  • Quarterly
  • Non Mandatory
At SME Board*
  • Min : No Limit
    Max : 25 Cr.
  • 50
  • Mandatory (100% Underwrting
    among which 15% by Merchant
    Banker inits own name)
  • Non - Mandatory
  • Relaxed Track record norms
  • To Exchange
  • Min : INR 1 Lakh
  • Half Yearly
  • Mandatory (for 3 years
    from the date of listing)
Company Name
Issue Size
Opening Date
Document
Status
Company Name
Issue Size
Opening Date
Document
Status
1
Siddhi Cotspin Limited
-
April 5, 2024
Pdf File
In Process
1
Sai Swami Metals and Alloys Limited - GID
15. 00 Cr.
April 30, 2024
Pdf File
1
Sai Swami Metals and Alloys Limited
15.00 Cr.
April 30, 2024
Pdf File
1
Track Change of Shree Marutinandan Tubes Limited
-
March 1, 2024
Pdf File
-
1
Bulkcorp International Limited
-
March 27, 2024
Pdf File
In-Process
1
TBI Corn Limited
-
March 18, 2024
Pdf File
DRHP
1
Shalimar Paints Limited
391.99 Crore
December 2, 2024
Pdf File
Open Offer

FAQs

What is IPO and listing?
What is SME IPO?
What are the benefits of listing?
End-to-end process of  IPO launching or company listing?
What is IPO listing date?
Can I sell IPO shares immediately?
Should I sell the shares allotted in the IPO on listing day?
What is FPO?
Can retail investors apply in SME IPOs?

Get in touch

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Contact us

Mr. Mohit Goyal

Investment Banking Expert

0120 - 4400780

merchantbanking@swastika.co.in

Investors Grievance Id:

mb.investorgrievance@swastika.co.in