BSE SME Exchange tightens Listing Norms and Eligibility Criteria

BSE SME has tightened the listing norms and eligibility criteria by increasing the post-issue paid up capital threshold to ` 3 crore from ` 1 crore for companies listing on the exchange platform. The exchange has also raised the net worth (excluding reserves) and tangible asset requirement to ` 3 crore from ` 1 crore. The revised norms would be applicable from April.A company intending to list on the SME exchange should also have registered profit (excluding extraordinary income) for at least two years of the immediate three preceding financial years or a net worth of ` 5 crore for three financial years before applying for listing.