Is your SME considering an IPO to raise funds and go public?
If you're an SME planning to raise capital and explore a public listing, timing and readiness matter. A well-planned SME IPO can support expansion, working capital, brand credibility, and long-term growth—provided the fundraising journey is structured and investor-ready.
UnlistMarket helps SMEs navigate the path toward fundraising and listing by guiding you through a clear process, helping you connect with relevant investors, and supporting your IPO-readiness narrative with the right structure and documentation.
SME fundraising and IPO preparation are subject to eligibility, documentation, market conditions, and applicable regulations. UnlistMarket facilitates the process and connections; outcomes and timelines may vary.
Benefits of Private Placement via SME-IPO
Explore the key advantages of choosing UnlistMarket for your SME IPO journey
Access to a diverse pool of investors
Raising capital becomes easier when the right investors see your story. We help you reach relevant investor interest based on your sector, stage, and goal—so conversations are more focused and outcomes can move faster.
Everything under one roof
The SME IPO journey involves multiple moving parts: narrative, readiness, investor discussions, and documentation. UnlistMarket brings key pieces together so you don't have to coordinate across scattered channels.
Build your brand equity
Going public isn't only about capital—it's about trust. The SME IPO journey can strengthen your brand image with customers, suppliers, and talent by improving credibility and market perception.
Hassle-free fundraising — let's raise funds
Fundraising can become time-consuming when the process isn't structured. We support a step-by-step flow that reduces confusion, keeps documentation organized, and helps you move from discussion to execution more efficiently.
Enhance visibility and credibility
An SME IPO path can increase visibility for your business. With stronger transparency, formal structuring, and investor attention, SMEs often experience improved credibility in the market ecosystem.
Increase your net worth and business valuation
When a company prepares for listing and executes growth well, improved visibility and stronger investor confidence can positively influence long-term business value. While nothing is guaranteed, the SME IPO journey can help position the business for better market perception.
Ready to Start Your SME IPO Journey?
UnlistMarket collaborates within the broader ecosystem across platforms, advisors, and service providers to ensure smoother execution. This helps SMEs get the right support across fundraising, readiness, and documentation workflows as needed.
Process of Fundraising
Introductory Call
An introductory call is planned with the management to understand their business model.
Due Diligence
SME IPO application would be processed by our Financial Analysts team with thorough due diligence.
Signing of Agreement
NDA, Term sheet and other agreement papers are signed duly by the founders.
Plan for an IPO
Depending on the size of the company & other requirements, planning for Pre-IPO, SME IPO or a Mainboard IPO.
Facilitation Fees
We charge a 2.5% fee of the total fundraising for SME IPOs.
Know more about SME IPO
An SME IPO is a public listing route designed for small and medium enterprises that want to raise capital and list shares for public participation. In India, SME listings are typically done through SME platforms of major exchanges and have specific eligibility and compliance requirements.
The SME IPO route is often considered by companies that want structured growth capital, stronger brand credibility, and a clear path toward wider investor participation. It's important to prepare early—financial discipline, documentation readiness, and governance clarity can make the process smoother and more credible.
SME listings commonly take place on dedicated SME platforms associated with National Stock Exchange of India and BSE Ltd, subject to eligibility and process.
Eligibility Criteria for SME IPO Listing
Incorporation- The company must be incorporated under the Companies Act, 1956.
Financials- Post-issued paid-up capital for BSE: Minimum of Rs 3 crore and not exceeding Rs 25 crore.
Minimum net worth (excluding revaluation reserve): Rs 3 crore per the latest audited financial statement.
Track record of profits: Distributing profits (excluding extraordinary income) for at least 2 out of the preceding three financial years. Alternatively, net worth must be Rs 5 crore
Sales of the company: Approximate value of Rs 10 crore.
Additional Requirements for Small and Medium Enterprises IPO
- The company must have a website.
- The company should facilitate trade in demat securities and enter agreements with depositories.
- The company's promoters should remain the same in the preceding year from the date of applying to the BSE for SME listing.
- For proprietorships or partnerships, the date of incorporation will be counted.
- The company or partnership/proprietorship/LLP firm should have a combined track record of at least three years.
- The company should not have been referred to BIFR (Board for Industrial and Financial Reconstruction) or come out of its ambit.
- A court of competent jurisdiction against the applicant company should admit no winding-up petition.
- No material regulatory or disciplinary action by the stock exchange or regulatory authority should be pending or have occurred against the applicant company in the past three years.
| Basis of Distinction | SME IPO | Main Board IPO |
|---|---|---|
| Post-issue Paid-up Capital | Between ₹1 crore and ₹25 crores | Minimum of ₹10 crores |
| Minimum Allottees in IPO | At least 50 | At least 1000 |
| Profitability | Positive operating profits for 2 out of the latest 3 financial years | Last 3 years' average profit should be at least ₹15 crore |
| Net Worth | Net worth of at least ₹1 crore for 2 preceding full financial years | Net worth of at least ₹25 crores in any 3 out of 5 financial years |
| Turnover | Between ₹5 to ₹50 crore | Above ₹50 crore |
| Track Record | Relaxed norms (operations of at least 3 years) | Stringent norms (previous 3–5 years) |
| IPO Underwriting | Mandatory (100% underwritten, with Merchant Banker underwriting 15%) | Non-mandatory, but if under 50% subscribed, compulsory to QIBs |
| IPO Application Size | ₹1,00,000 | ₹10,000 – ₹15,000 |
| IPO Timeframe | 3 to 4 months | 6 months onwards |
| Reporting Requirement | Half-yearly | Quarterly |
Note: The above criteria are indicative and subject to change based on regulatory updates. Please verify with official exchange guidelines before proceeding.
Lets Connect
Share your details and our team will reach out to understand your SME IPO requirements, timeline, and current readiness stage. Whether you're exploring your first public listing or planning strategic growth before going public, we'll help you understand what the process looks like and what steps come next.
