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| You are here : Listing > Minimum Listing Requirements |
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 The paid-up equity capital. |
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- The paid-up equity capital of the applicant shall not be less than Rs. 3 crore.
- The company shall have a profit making track record for the preceding last three years. The revenues/profits arising out of extra ordinary items or income from any source of non-recurring nature shall be excluded while calculating the profit making track record.
- Minimum 25% of the company's issued capital shall be with Non-Promoter shareholders.
- The company shall sign an agreement with CDSL/NSDL for demat trading.
- The company shall have at least two years listing record with any of the Regional Stock Exchange or listed on the exchange having nationwide trading terminals for at least one year.
- Should not be de-listed on any other Exchange.
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| Conditions Precedent to Listing : |
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The applicant shall have adhered to conditions precedent to
listing as emerging from inter-alia, Securities Contracts
(Regulations) Act 1956, Companies Act 1956, Securities and
Exchange Board of India Act 1992, any rules and/or regulations
framed under foregoing statutes, as also any circular,
clarifications, guidelines issued by the appropriate authority
under foregoing statutes.
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| Atleast three years track record of either : |
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the applicant seeking listing; or
the promoters/promoting company, incorporated in or outside India
For this purpose, the applicant or the promoting company shall submit annual reports
of three preceding financial years to ISE and also provide a certificate to the Exchange
in respect of the following:
The company has not been referred to the Board for Industrial and Financial Reconstruction (BIFR)
The networth of the company has not been wiped out by the accumulated losses resulting in a negative networth.
The company has not received any winding up petition admitted by a court.
Promoters mean one or more persons with minimum 3 years of experience of each of
them in the same line of business and shall be holding at least 20% of the post issue equity share
capital individually or severally.The applicant should have been listed on any other recognized Stock
Exchange Listed for atleast last three years or listed on the exchange having nationwide trading
terminals for at least one year.
The applicant has paid dividend in atleast 2 out of the last 3 financial years immediately preceding
the year in which listing application has been made
or
The applicant has distributable profits ( as defined under section 205 of the Companies Act, 1956)
in at least two out of the last three financial years (an auditors certificate must be provided in this regard).
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