1) Paid up Capital:

• The Paid up equity capital of the applicant shall not be less than Rs. 10 crores*  and
• The capitalisation of the applicant’s equity shall not be less than Rs. 25 crores**

* For this purpose, post issue paid up equity capital for which listing is sought shall be taken into account.
** For this purpose, capitalisation will be the product of issue price & post issue number of equity shares.

2) Atleast three years track record of either:

• the applicant seeking listing; or
• the promoting company, incorporated in or outside India

General criteria

1) Conditions Precedent to Listing: The Issuer shall have adhered to conditions precedent to listing as emerging inter-alia from Securities Contracts (Regulations) Act 1956, Companies Act 1956, Securities and Exchange Board of India Act 1992, any rules and/or regulations framed under foregoing statutes, as also any circular, clarifications, guidelines issued by the appropriate authority under foregoing statutes.

2) The Project/ Activity plan of the applicant must have been appraised by a financial institution u/s 4A of the Companies Act, 1956 or a state finance corporation or a scheduled commercial bank with a paid up capital exceeding Rs.50 crores or a category I Merchant Banker with a net worth of atleast Rs.10 crores or a venture capital fund with a net worth of atleast Rs. 50 crores. or
In the case of an existing company the applicant should have been listed on any other recognised stock exchange for atleast last three years
This clause shall however not be applicable to listing of securities issued by Government Companies, Public Sector Undertakings, Financial Institutions, Nationalised Banks, Statutory Corporations Banking Companies and subsidiaries of scheduled commercial bank who are otherwise bound to adhere to all the relevant statutes, guidelines, circulars, clarifications etc. that may be issued by various regulatory authorities from time to time and in case of an Offer for Sale.

3) The applicant desirous of listing its securities should satisfy the exchange on the following:

• No Disciplinary action has been taken by other stock exchanges and regulatory authorities in the past three years: The promoting company (if any) has not been in default in payment of listing fees to any stock exchange in the last three years or has not been delisted or suspended in the past and has not been proceeded against by SEBI or other regulatory authorities in connection with investor related issues or otherwise.
• Redressal mechanism of Investor grievance: The points of consideration are: promoting company’s (if any) track record in redressal of investor grievances promoting company’s arrangements envisaged are in place for servicing its investor promoting company’s general approach and philosophy to the issue of investor service and protection
• Distribution of shareholding:  The promoting company’s (if any) shareholding pattern on March 31 of preceding three years separately showing promoters and other groups’ shareholding pattern should be as per the regulatory requirements
• Details of Litigation: The promoting company’s (if any) litigation record, the nature of litigation, status of litigation during the preceding three years need to be clarified to the exchange.

Back to Requirements with respect to listing of securities on a recognized stock exchange

Qualifications for Listing Initial Public offerings (IPOs) by Knowledge based Companies
Qualifications for Listing Securities of Existing Companies
Listing fees on NSE

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