This document outlines the process and documentation required for an SME to obtain an in-principle approval for an initial public offering (IPO) listing on the National Stock Exchange of India (NSE). It details the documents required to be submitted on T+2, T+3, T+4, and T+5 days from the date of in-principle approval to finalize the listing. These include annual reports, board resolutions, shareholding details, basis of allotment, post-issue shareholding pattern, and confirmation from issuers, merchant bankers, and statutory auditors. It also provides information on NEAPS platform registration and payment of processing and annual listing fees.

1. How to make an application
for SME IPO listing?
CS Meenakshi Jayaraman

2. Research Credits
Ms. Anupama R
Ms. Iswariya BS

3. Legends used
AOA Articles of Association NEAPS NSE Electronic Application Processing System
BRLM Book Running Lead Manager NSE National Stock Exchange
BSE Bombay Stock Exchange PAN Permanent Account Number
CS Company Secretary PCA Practicing Chartered Accountant
DIN Director Identification Number PCS Practicing Company Secretary
DRHP Draft Red Herring Prospectus QIB Qualified Institutional Buyers
FI Financial Institution RTA Registrar and Share Transfer Agent
ICDR
Issue of Capital and Disclosure
Requirements
SCORES SEBI Complaint Redressal System
IPO Initial Public Offer SEBI Securities and Exchange Board of India
LODR
Listing Obligation and Disclosure
Requirements
SME Small and Medium Enterprises
MB Merchant Banker TAN Tax deduction and collection Account Number
MOA Memorandum of Association w.r.t with respect to

4. Presentation Schema
In-principle approval
Documents to be
submitted to NSE on T+2
day
Documents to be
submitted to NSE on T+3
day
Documents to be
submitted to NSE on T+4
day
Documents to be
submitted to NSE on T+5
day
NEAPS platform

5. In-principle approval
1. Annual Report of last 3 years / since inception, if 3 years have not elapsed
2. Copy of Board and Shareholders’ resolution authorizing the issue
3. MOA & AOA of the Company
4. Certificate from Auditors w.r.t. Defaults in respect of payment of interest and/or
principal to the debenture / bond / fixed deposit holders, banks, FIs by the
applicant, promoters / promoting company(ies), group companies, companies
promoted by the promoters / promoting company(ies) during the past 3 years
Documents to be submitted by the Issuer for In-principle approval

6. .
• In-principle Approval for Initial Public Offer of
M/s. XYZ Ltd. of 1234 equity shares of Face
Value INR 10/- each.
To NSE
Confirmation from the Issuer
Contd.
5.

7. Contd.

8. .
• In-principle Approval for Initial Public Offer of
M/s. XYZ Ltd. of 1234 equity shares of Face
Value INR 10/- each.
To NSE
Confirmation from the Merchant Banker
6.
Contd.

9. Contd.

10. Confirmation from the Issuer and Promoting Companies
Contd.
7.
• In-principle Approval for Initial Public Offer of
M/s. XYZ Ltd. of 1234 equity shares of Face Value
INR 10/- each.
To NSE

11. Contd.
8.
Shareholding details
In case the Issuer has
been promoted by
promoting companies
• Details of shareholding
of the promoters in the
promoting company as
on March 31 of the last
3 FYs and as on date of
Draft Red Herring
Prospectus / Draft
Prospectus
• Confirmation that there
is no change in control
during last 3 years

12. • In-principle Approval for Initial Public Offer of
M/s. XYZ Ltd. of 1234 equity shares of Face
Value INR 10/- each.
To NSE
Confirmation from the Merchant Banker
9.
Contd.

13. Documents to be submitted to NSE on T+2 day
1. Proof of SEBI Scores Registration of the Issuer
2. Material Contracts for the Issue
3. Material Documents for the Issue

14. Confirmation from the Issuer
Contd.
• Initial Public Offer of M/s. XYZ Ltd. of 1234
equity shares of Face Value INR 10/- each
To NSE
4.

15. Confirmation from the Merchant Banker
Contd.
• Initial Public Offer of M/s. XYZ Ltd. of 1234
equity shares of Face Value INR 10/- each.
To NSE
4.
Contd.
5.

16. 1. Prospectus
2. Basis of
Allotment of
equity shares
3. Details of the
allocation made
to QIBs
5. Category wise breakup of the total
applications received and rejected on
technical grounds and those considered
for allotment separately for Retail
investors and Non-Institutional
investors
4. Proceeding of meetings of the
Registrar, Lead Manager/BRLM and
the Issuer along with the reasons
Documents to be submitted to NSE on T+3 day

17. To NSE Initial Public Offer of M/s. XYZ Ltd. of 1234 equity
shares of Face Value INR 10/- each
Confirmation from the Registrar
Contd.
6.

18. Confirmation from the Merchant Banker
• Initial Public Offer of M/s. XYZ Ltd. of 1234
equity shares of Face Value INR 10/- each.
To NSE
Contd.
7.

19. SL. NO. PARTICULARS
1 Listing Agreement, duly executed on non- judicial stamp paper of Rs.100/-
2 Resolution passed by the Board of Directors for allotment of securities
3 Shareholding pattern of Issuer (pre issue, issue and post issue) in format given as per
Regulation 31 of SEBI (LODR) Regulations, 2015
4 Post issue shareholding pattern in PDF form without PAN
5 Advertisements published relating to IPO
6 Certificate regarding compliance with the latest provisions of Regulations 17-27 of
SEBI (LODR) Regulations 2015 relating to corporate governance
7 List of all allottees
8 Lock-in confirmation from Depository / RTA
Documents to be submitted to NSE on T+4 day

20. Confirmation from Statutory Auditors/ PCA / PCS
• Initial Public Offer of M/s. XYZ Ltd. of 1234
equity shares of Face Value INR 10/- each
To NSE
Contd.
9.

21. Confirmation from the Issuer
• Initial Public Offer of M/s. XYZ Ltd. of 1234
equity shares of Face Value INR 10/- each
To NSE
10.
Contd.

22. Confirmation from the Merchant Banker
• Initial Public Offer of M/s. XYZ Ltd. of 1234
equity shares of Face Value INR 10/- each
To NSE
11.
Contd.

23. Documents to be submitted on T+5 days
SL.NO PARTICULARS
1 Copy of the letter from Registrars and lead manager regarding dispatch of share
certificates, allotment advice and uploading of electronic credit of Securities
2 Confirmation from the depositories regarding the credit of beneficiary accounts of
the security holders
3 Basis of allotment advertisement
IPO – Main Board

24. .
NEAPS platform
When to be
paid?
How much to be paid?
In-principle
approval
Processing Fees is INR 25,000 plus GST 18%
Upon
submission of
documents on
T+4 days
Initial Listing Fees is INR 25,000 plus GST 18%
Annual Listing Fees*
Requisite information to be uploaded on NEAPS platform
Payment to Processing Fees with effect from December 1, 2018 has to be paid by the company
in IDBI Bank unique virtual account number made based on PAN No of the company, which will
be created within 1 day from registration on NEAPS by Company

25. *Annual Listing Fees
The listing fee applicable from April 1, 2012 is as follows:
Annual listing fees (based on paid up capital) Amount (in Rs.)
Upto Rs.5 Crore 10,000
Above Rs.5 Crore and upto Rs.10 Crores 15,000
Above Rs.10 Crore and upto Rs.20 Crores 25,000
Above Rs.20 Crore and upto Rs.25 Crores 45,000

26. Thank You!
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