Home Page > Finance > Stock Market > SME (Small and Medium Enterprises) Platform – New Trading Exchange for SME

SME (Small and Medium Enterprises) Platform

New Trading Exchange For SME
By: Prakash - Stock Market - September 21, 2011
sme small and medium enterprises platform new trading exchangefor sme

Launch of SME (Small and Medium Enterprises) Platform by both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) will be next big development in the Capital Markets. Government of India is keenly looking forward for SME (Small and Medium Enterprises) Platform as SME contribute 8 per cent to India’s GDP and also the largest generator of employment in the economy. So, providing capital to these SME (Small and Medium Enterprises) is one of the top priorities of the government’s agenda.

Regulations are in place, infrastructure is ready and both exchanges, BSE and NSE, are waiting for the final regulatory nod. These exchanges are already started wooing the companies to list/mitigate to this new Small and Medium Enterprises platform.

Rules:

  1. Company issue size with paid-up Capital of less than Rs.10 crore can list on the SME (Small and Medium Enterprises) Platform
  2. Companies with capital exceeding 25 crore should list on the main exchange and will not be allowed in SME (Small and Medium Enterprises) Platform
  3. Companies have an option to either list in Main exchange or in SME (Small and Medium Enterprises) Platform if the post-issue capital ranges between 10 crore and 25 crore.

Relaxations:

  1. SEBI (Securites and Exchange board of India) shall not issue any observation on the offer document and the responsibility falls on Merchant Banker to make sure that the information in the offer document is accurate and NOT misleading.
  2. Companies need to disclose half-yearly financial results and not required to send annual reports to every shareholder. (Annual reports can be displayed on company’s website)
  3. Minimum application value in IPO (Initial Public Offering) is Rs.1 Lakh
  4. Minimum number of allottees in an issue is 50
  5. Minimum trading lot size is Rs.1 Lakh
  6. Merchant bankers to the issue must ensure that the issue is fully underwritten and they are required to subscribe to 15 per cent of the issue themselves.
  7. Merchant bankers also need to make sure that market making for the scrip for 3 years from the date of listing

Small and Medium Enterprises (SME) platform versus Main Exchange

Most of the companies prefer the main exchange instead of SME (Small and Medium Enterprises) Platform as SME find it harder to raise capital due to lower visibility and doubts about governance of corporate compared tothe companies listed in main exchanges. Even though, the regulations have given some relaxations to these SME (small and medium enterprises) in the form of reduced costs for making public issue and to reduce operating costs, companies prefer to increase their capitalto more that 10 crore and list on the main exchange. Companies don’t mind to bear higher public cost and higher compliance on the main exchanges.



Comments are closed.

  • amateur teen girls in thongs
  • black thumbs teen
  • oral creamie pussy
  • amateur teens on camera
  • naughty mature wives
  • pirates xxx stars
  • female orgasm free video contraction
  • Teen fuck girls
  • Adriana lima naked pics
  • sexy blonde teen lesbians
  • purple sweater cardigan petite
  • my young girlfriend pics
  • young fuck close up tube
  • breast derness in young girls
  • beynoce sex vids
  • hardcore schoolgirl punishment video
  • how to use sex toy videos
  • redtube young chicks
  • Sex india online
  • little hot pussy
  • babysitters teen sex stories
  • free teenage anal
  • teen tubes young sex
  • girls ready fuck
  • japan sex girl mpeg
  • free sex pictures of arab girls
  • free pics tits and dicks
  • hot blondepussy fuck slutload
  • Tia tanaka threesome
  • Sex video from hollywood movies
  • Black anal sex pics
  • ordinary small girls arses pics
  • amateur pictures of sexy blondes
  • melissa suffield naked pics
  • hot pants girls
  • pissing teen babes
  • yung girl sleeping naked
  • burning camel wasted girl sex
  • britany spears pussy hanging out pics
  • normal amateur sex video
  • vietnam amateur free video
  • black girls fine ass
  • xxx bondage handjob vids
  • Nude black teen pics
  • amerture video
  • sexy lick feet
  • small blonde teens getting fucked
  • dick in ass pics
  • girls tied up topless in cars
  • sexy pregnant girl getting fucked
  • young nude toons drawn sex
  • south american girls in slingshot bikini
  • black ladyboy sex
  • sex toy ass plug
  • teen bouncing video galleries
  • girls suck boy private
  • bbw asian movie gallery
  • anal latina lesbians
  • Lesbian for ipod touch
  • How to get a girl orgasm
  • keeley hazell ass pics
  • real teen orgasam erotic tube
  • needy wives two chicks one dick
  • nudity in new movies bitch slap
  • Delta white threesome
  • timid horny mature videos
  • black mature cock suckers
  • fat women forced sex movies
  • free xxx stockings and nylons
  • desi sex hardcore
  • teen jerking off videos
  • ameture pussy rating
  • dwarfs fuck video
  • big ass sex party
  • silent movies of with sex
  • anal party gallery
  • licking girl pussy video
  • Young lesbian videos
  • petite leather pants
  • amateur horny wives
  • Hoopz naked pics
  • movie spoiler sex and the city
  • cum eating husband watches wife fuck
  • sex adult movi teen post
  • free teen xxx tube
  • Girl fucked in park
  • girl mature slumber party
  • freckled naked young girls
  • cougers and young men sex vids
  • girls of their boobs
  • sex toy for girl
  • lesbian bikini free video
  • sexy teen baes
  • butt hole fucking big black booty
  • mature pantyhose sex with boys
  • photos young sex
  • young teen selfshot pussy
  • blacks in asians sex
  • Huge horny tits
  • oral sex video swallow
  • teen boys confused about girls
  • makeout video blonde and brunette
  • pic gallery naked teen boy
  • kids camp homemade videos
  • teen homemade webcam
  • teen driver picture
  • self suck video free
  • wicked lesbian
  • stuffing dick in mature wifes mouth
  • pussy ride large dildo to orgasm
  • sex convention videos
  • napping asian pussy
  • chubby ebony blackbliss
  • free hardcore manga video
  • black girl stripper
  • wife likes fuck story
  • videos of prison girls in shower
  • dasha big pussy
  • junior pussy sex pictures
  • hillary scott video
  • teen camping pics
  • Porn college sex
  • asian xxx videos free
  • free teen japanese girls
  • Small ass teens
  • wife take black group in motel
  • young naked blonde girl videos
  • video german girl girl torture
  • private threesome pictures
  • young blonde teen anal
  • oversized nipples and japanese
  • white pussy older monster black cokc
  • small cock sex pictures
  • older swingers party videos
  • gang sex wife black
  • sexy sarah beeny breasts
  • spring break bikini babes pictures
  • mature lady vids
  • girl tity fuck
  • girl gets hard fuck video
  • totally free full videos
  • men having pussy
  • red tube pussy eating
  • Hairy pussy photo gallery
  • mature spanking xxx videos
  • keely hazell blowjob pictures
  • interracial home movies
  • multisite videos
  • blooper asian girl
  • Girls just wanna have sex
  • naughty wife pictures
  • naked florian pictures
  • real home fuck video
  • couples green guy sex
  • asian girls with dy issues
  • blonde pov anal
  • partylite asian persuasion
  • anal fisting girls
  • hardcore lesbian squirt gangabng
  • best aguchi trailers pussy licked
  • girls shaveing girls pussy
  • free teen videos for ipod
  • free interracial sex with black dicks
  • sex swingers in logsden oregon
  • young teen with nice ass videos
  • dick n big ass tits
  • naked asian girls in bondage
  • shemale asshole galleries
  • cute asian moms pics
  • teen anal galleris
  • latina babe movies
  • free young skinny nude pics
  • hot sex girl gives head
  • asian star yumi
  • Super huge ass
  • asian girl deep throat
  • hardcore anal drilling
  • mature pictures nake people
  • white wifes black lovers barebacking
  • raunchy black ass
  • sexy naked female gie style pictures
  • sexy teen fucks for cash
  • spa birthday party foir little girl
  • pussy licking classic
  • amateur cross dresser webcams
  • topless girls horror
  • hairy red headed naked ppictures
  • vanessa anne hudgens naked pictures online
  • Best sex positions pictures
  • girls cumming hard video orgasm
  • naked pics of jessica bil
  • Nude amateur picture
  • then rammed into spreading young pussy
  • Thick ass ebony
  • becky young amateur
  • video pussy insertion s
  • throat fuching movies
  • Mania s blues teen link
  • Cute teen kiss
  • cum pie anal asian
  • naked free video photo download
  • girls wetting diapers videos
  • classic keisha interracial movies
  • amanda bynes sex pics
  • big black anal fucking
  • Bridgette wilson nude video
  • hot ebony teen videos
  • boobs in movie war
  • free girl fingering cams
  • free videos fuck wives
  • video teen fuck
  • interracial anal sex video
  • amateur spanking girls
  • amadeus movie girl topless
  • free video erotic massage
  • two young teens having sex
  • Sex and the married girl
  • black girl in shower
  • sara jay teaching oral sex
  • new reality tv star real sextape
  • extreme pussy ripping
  • Asian hot girls sex
  • girl guy sex pictures
  • Amateur big breasts
  • yiff vids
  • first fuck in pussy
  • four girls sex with one guy
  • hot sex pics naked
  • sex house volume video
  • black massages
  • Teens who love to fuck
  • teen vogue it girl
  • hot girls licks pussy
  • girls dancing
  • christopher meloni naked pics for sale
  • girls force to fuck at work
  • Sex scene in the beach
  • Mia teens movies
  • public maledom pussy torture
  • young women first time anal sex
  • home made video white girls
  • Roja nude pics
  • crazy ass anal movs
  • old broads with hairless pussy
  • forced lesbian sex hub
  • teen girl gag first swallow
  • free vids hardcore
  • couple young girl
  • hot mature bbw vids
  • pharmaceutical pill black beauty
  • Nude videos of salma hayek
  • mpeg blowjob party
  • black midget blonde
  • Filipina teen nude
  • young girl model picture exchange
  • Namita sex movies
  • anal sex moives
  • Sexy southern girl
  • Hairs on vagina
  • amateur granny galleries
  • first painful anal sex
  • caymon island young girls
  • sexy cartoon girl image
  • free boy sex movies
  • amateur tube college
  • bigboob facial pictures
  • girls in spandex pictures
  • yound girl and sex videos
  • photos of girls butts
  • mature extreme video
  • teen pussy tanning
  • free videos hardcore xxx member tour
  • free sexy pictures asian guys
  • girls lick out
  • suck the cream from my pussy
  • latina sexy girls
  • teen forced anal
  • Cute teen nude
  • tits huge pussy ass
  • guy and girl sex
  • Lick teen pussy