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Corporate Professionals: Capital Market Newswire

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The SME platform of NSE would be open for SMEs whose post issue paid up capital is less than or equal to Rs. 25 crores. The platform shall allow new, early stage ventures and small quality companies to raise much needed growth capital as they grow, mature and transit to NSE’s main board.

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									Capital Market Newswire

                       NSE launches Emerge : Its new SME platform

NSE on 18th September 2012 launched its new platform for small and medium sized
companies with high growth potential. The SME platform of NSE would be open for SMEs
whose post issue paid up capital is less than or equal to Rs. 25 crores. The platform shall allow
new, early stage ventures and small quality companies to raise much needed growth capital as
they grow, mature and transit to NSE’s main board.

NSE SME Platform – Silent Features/ Eligibility requisites

    The post issue paid up capital of the company (face value) shall not be more than Rs. 25
       Crore;
    The Company should have a track record of 3 years;
    The Company should have Positive Cash accruals from operations for at least 2 years
       preceding the application with a positive net worth;
    The issue shall be 100% underwritten;
    The Merchant Bankers should be responsible for market making for a minimum period of
       3 years, through a stock broker;
    The company should not have been referred to BIFR;
    No winding up petition should have been filed against the applicant Company;
    The Company should be in compliance with SCRA/ SEBI Act/ Companies Act


Benefits of Listing at SME Exchange


   1. Equity Financing Opportunities & expanded investors base
   2. Enhancement of Company’s Visibility & credibility
   3. Distribution of Risk
   4. Increased Financing options
   5. Liquidity to Shareholders
   6. Even a small size Public Issue can be made, that too with 100% underwriting
   7. Less complexities-procedural/ time/ cost
   8. Relaxed Listing Agreement provisions
9. Once the Paid up capital of the Capital of the Company crosses Rs 10 cr, the
   Company has the option to migrate to the main Board.

								
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