As we are aware that the Startup India is a flagship program initiated by the government of India, It was first announced on 15th August, 2015 during the independence day speech.
Down the line, it’s been 7 years of Startup India, & India has gone a long way right from no recognition of start-ups, to becoming the most start-up producing nation world wide!
Meanwhile, I have tried to glimpse one of the major information related to the same, Kindly look at it;
Listing of START-UPS:
Meaning of Start Up:
The term start-up means an organization in the first stage of its operations. Start-ups are generally founded by one or more entrepreneurs, who keen to develop a product or service for which they believe there is demand in the upcoming future. These companies generally start with high costs and limited revenue or with no revenue, which is why they look for capital from a variety of sources.
Did You know that Start Up can also be listed through NSE & BSE?
- First, we will discuss about the BSE START UP This platform offers an entrepreneur and investor friendly atmosphere which permits the listing to all start-up dispersed throughout the India from unorganized sector into an organized sector.
- It was established in the Year 2018, with the aim to enable deserving start-ups from varied sectors to raise capital from the market.
- Some of the Criteria for getting listed on the Stock Exchange includes:
i. The Company must be in existence for a minimum period of 2 Years at the time of filing the prospectus with BSE.
ii. Must have a positive net worth and a website and;
iii. Must be registered with MSME or DIPP;
iv. Must have a Minimum paid up Capital to be Rs. 1 Crore and Maximum Rs. 25 Crore after the issue is made;
v. Should have investment by QIB investors/Accredited Investors/ Angel Investors for a minimum period of 2 years at the time of filing of draft prospectus with BSE;
vi. Should not have any change in the promoters of the company in preceding one year.
vii. It is mandatory for the company to facilitate trading in Demat securities and should enter into an agreement with both the depositories (CSDL& NSDL).
- 14 Companies have been listed on this platform as of now, the latest one being listed is Ascensive Educare Ltd. back in January 2022. They also have the option to migrate on the main Board, according to the set of norms. The primary requirement is that the Company must be listed and traded on the BSE Start-up Platform for a minimum period of two years for migrating to the main Board.
- Even NSE has similar platform, called NSE EMERGE
Disclaimer: This article is written merely for informational purposes, and it should not be taken as a piece of legal advice.
Author Bio
