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Arvind chanani canute serrao

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Transcript

  • 1. ArvindChanani (2010294)
    Canute Serrao (2010265)
    Comparison of Listing Criteria of NSE and BSE
  • 2. Agenda
    What is Listing
    Comparison for Listing criteria for IPO’s
    Comparison for Listing criteria for companies listed on other exchanges
    Listing fees
    Advantages of listing on each exchange
    Conclusion
  • 3. Listing
    Listing on the Exchange means the creation of a funding possibility/financial alternative for  funding for the company entering the market and, parallel to that, for the investors trading on the exchange.
  • 4. Need for Listing
    Liquidity
    Permits Founders to Diversify
    New corporate cash
    Establish Value of the firm
    Facilitates Merger Negotiation
    Increase potential product markets
  • 5. Qualifications for listing Initial Public Offerings (IPO)
  • 6. Existing Companies listed on other stock exchanges
  • 7. Existing Companies listed on other stock exchanges
  • 8. LISTING FEES OF BSE
  • 9. LISTING FEES OF NSE
  • 10. Additional Listing Criteria for BSE
    The minimum number of public shareholders after the issue shall be 1000 for small cap companies
    The company shall sign an agreement with CDSL and NSDL for demat trading.
  • 11. Additional Listing Criteria for NSE
    No disciplinary action has been taken by other stock exchanges and regulatory authorities in the past three years
    Redressalmechanism of Investor grievanceDisclosures of shareholding, litigation, track record of Directors
    Apart from these criteria all listing companies have to be compliant with law such as Securities Contracts (Regulations) Act 1956, Companies Act 1956, Securities and Exchange Board of India Act 1992
  • 12. Advantages of BSE over NSE
    We see that the listing fees for NSE is more than that of BSE, although the NSE site says that it has lower listing fees
    It varies from 1.5 to 2.5 times more than BSEBSE has larger number of small and mid-cap companies
    It has tie up with regional exchanges for the BSE Indonextplatform
    SME's can easily list on the Indonext platform which has less stringent norms and lower charges
    Almost 50 per cent of BSEs’ cash market turnover comes from stocks that are outside the "A" group of stocks, NSE's top 100 stocks alone account for nearly 80 per cent of its cash segment's turnover
  • 13. Advantages of NSE over BSE
    NSE has higher volume and more market participants
    There is higher liquidity and lower spreads
    There would be lower volatility in the stock price
    They provide trade statistics of the scrip to the company
  • 14. Conclusion
    Depending on the size of the company, NSE might be advantageous if the company is large.
    BSE has put considerable effort in making listing easier for small and mid-cap companies. Hence it is advantageous for them to list on BSE
  • 15. Thank You