Regnum RTA

REG. No. : INR000004316

The Listing Process of BSE India

Now, let’s discuss the process of getting listed on the BSE Main Board:

1.Appointment of Intermediaries: The first step involves the appointment of intermediaries such as merchant bankers, registrars, legal advisors, auditors, etc. These intermediaries assist in the process of listing and ensure that all procedures are followed correctly.

2.Filing of Draft Offer Document: The company, along with its lead merchant banker, prepares a Draft Red Herring Prospectus (DRHP) containing details about the company, its business, financials, and the purpose of raising funds. The DRHP is then filed with SEBI for its observations.

3.Review by SEBI: SEBI reviews the DRHP, and may suggest changes or ask for additional information. This process can take up to 30 days.

4.Finalization of Prospectus: After SEBI’s observations are incorporated, the final prospectus is prepared and filed with the Registrar of Companies (ROC).

5.Issue of Securities: Following this, the company announces the issue opening and closing dates. The company then issues securities to the public.

6. Allotment of Shares: After the closure of the issue, the shares are allotted to the investors.

7. Listing on BSE: After the allotment, the company files for listing on the BSE. The exchange, after ensuring all compliance is met, allows the shares of the company to be listed and traded.

It is important to note that while this guide provides an overview of the process, the exact details and requirements may vary. It is recommended that companies seek professional advice when considering a listing on the BSE.

Listing on the BSE Main Board is a significant step for any company, and meeting the eligibility criteria and following the listing process correctly is crucial. If successful, it opens up a world of opportunities, from increased exposure to an expanded investor base, enhanced credibility, and a new avenue for raising funds for growth and expansion.

## References:

– SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

– BSE India website

– BSE Listing Guide

Remember, this is a long-term strategic decision and should be made considering the company’s growth prospects, financial health, and market conditions. Happy listing!