SEBI to mull listing of SMEs, start up cos without IPO

The Sebi board will meet on June 25 to discuss a host of issues, including the listing of SMEs, start up companies without IPO. CNBC-TV18's Nayantara Rai reports.  

Sources say a separate SME platform for informed investors is on the agenda. Remember, the finance minister had promised listing of SMEs and start up companies.

Also read: Sebi may seek more details from investors in pref issues

Sources say the likely criteria may include a revenue requirement of over Rs 100 crore. The SME may also be required to be older than 10 years, with a paid up capital under Rs 25 crore.

Sources say the SME must have recieved financing in the last three years.  A three-year promoter lock-in to extent of 20 percent of the shares has also been proposed.

Also, the SME cannot raise capital at the time of listing. However, it can raise money after the listing.