Notice No.   20170428-8   Notice Date   28 Apr 2017
Category   Compliance   Segment   SME
Subject   Eligibility Criteria for Listing of Broking Companies and Micro Finance Companies on SME Platform

Trading Members are requested to note that BSE vide its circular no. 20150908-14 dated September 8, 2015 has amended the guidelines of SME platform whereby Stock/ Commodity Broking and NBFC companies were made ineligible for listing on BSE SME Platform.


It has now been decided to allow Broking Companies and Micro Finance Companies to get listed on the SME Platform of BSE provided they meet the following criteria:-


A.     Broking Companies:

  1. Net worth of minimum Rs. 15 crores (net worth will comprise of equity and reserves and surplus).
  2. Aggregate Profit before tax of Rs. 5 crores in 2 consecutive years out of 3 immediately preceding financial years. The financial year should be of a period of 12 months. Extraordinary income will not be considered for the purpose of profits.
  3. Net Tangible assets of at least Rs. 3 crores as per the latest audited financial results
  4. Post issue paid up capital of the company should be minimum Rs.3 crores


B. Micro Finance Companies:

For Micro finance companies, in addition to the existing criteria for all SME companies, the company shall have a book value of at least Rs. 100 crores and with a client base of 10000 and above and it should not have accepted/ hold public deposit.


In case of any further clarification on the subject matter of the notice, please contact:


Mr. Rajan Jha on 022-2272 8893 ( )

Mr. Jimit Patel on 022-22728424 (




Bhushan Mokashi

Deputy General Manager

Listing Sales & Ops

April 28, 2017