How to make an application for SME IPO listing?
- 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! Scan the QR Code to Join our Research Group on WhatsApp Scan the QR Code to explore more Research from our Website DVS Advisors LLP India-Singapore-London-Dubai-Malaysia-Africa www.dvsca.com Copyrights © 2021 DVS Advisors LLP