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Process for Company to list its shares


  1. Company files DRHP/DP with Stock Exchange
  2. Exchange uploads the DRHP/DP on the Website of the Exchange
  3. Company has to file an application on NEAPS and attach the relevant documents as per the Checklist specified by the Exchange
  4. Exchange does preliminary check & verifies the application and seeks replies to queries ( if any)
  5. Exchange issues in-principle approval to the Company
  6. Company has an intention to open the Issue, within 12 months, post the SEBI approval in case of Main Board & post Exchange approval in case of SME Issue 
  7. One day prior, to the issue open, the company has to submit the 1% security deposit to Designated Stock Exchange (DSE)
  8. One day prior, to the issue open, the company allocates the shares to the Anchor investor (if any)
  9. Issue can be open for minimum of 3 days and maximum of 10 days  
  10. Issue Close (T Day – Working day)
  11. On T+2 working day the Company submits the documents as per the checklist of the Exchange 
  12. On T+3 working day basis of allotment is carried out at DSE
  13. On T+4 working day company submits the Listing Documents to the Exchange.
  14. On T+5 working day company submit Credit Confirmation from the Depository i.e. dematerialised shares to the allottee’s account & Exchange will issue a circular to the Market for listing of shares with effect from T+6 working day
  15. On T+6 working day Company gets listed on the Exchange


Note: T stands for Trade/Working Day

  • Company is required to take an in-principle approval as per SEBI (LODR) Regulations i.e. 28 (1)
  • Post the approval, which company will do the allotment and will apply to the Exchange post allotment as per the checklist 
  • Exchange will grant the approval, post verification of the documents (Except ESOP)
  • Company needs to apply to the Exchange for trading permission by submitting the Credit Confirmation from the Depository i.e. dematerialised shares to the allottee’s account
  • Exchange will grant the trading permission to the Company 
  • Company shall seek NOC from Exchange/SEBI under regulation 37  of SEBI LODR Regulations 2015, if applicable
  • Company shall file draft Scheme with NCLT post requisite approvals
  • Company shall applying to Exchange post allotment (if allotment required as per the Scheme) or for in-principle approval post Capital Reduction effect or for seeking relaxation for Reg 19 (2)(b) of SCRR.
  • Company shall complete the credit of shares or dispatch of shares procedure as required.
  • Company shall complete the final listing and trading permission for the scheme.
     
Updated on: 09/01/2020 12:00
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