SMEs get new norms to shift to BSE main board

New Delhi: Leading exchange BSE has come out with a new framework for companies seeking to migrate from its small and medium enterprises (SME) platform to the main board.

Under the new guidelines, companies listed on SME exchange need to have a market capitalisation of at least Rs 25 crore in order to move up to the main board, BSE said in a circular.

Explaining further, BSE said that the market capitalisation on Weighted Average Price (WAP) of preceding 20 traded days from the date of submission of application to the bourse for migration from SME platform to the main board should be equal to or in excess of Rs 25 crore.

The exchange has not tweaked guidelines pertaining to requirement of post issue capital and debarred entities.