Rules to be Listed on BSE for Companies Already Listed on Other stock exchanges

The listing norms for companies already listed on other regional stock exchanges and seeking listing at BSE, made effective from August 6, 2002, are as under 

  • The company shall have a minimum issued and paid up equity capital of 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 net worth shall be Rs. 20 crore (net worth includes equity capital and free reserves excluding revaluation reserves).
  • Minimum market capitalization of the listed capital shall be at least two times of the paid up capital.
  • The company shall have a dividend paying track record for at least the last 3 consecutive years and the dividend should be at least 10% in each year.
  • Minimum 25% of the company’s issued capital shall be with Non-Promoter shareholders as per Clause 35 of the Listing Agreement. Out of above Non-Promoter holding, no single shareholder shall hold more than 0.5% of the paid-up capital of the company individually or jointly with others except in case of Banks/Financial Institutions/Foreign Institutional Investors/Overseas Corporate Bodies and Non-Resident Indians.
  • The company shall have at least two years listing record with any of the Regional Stock Exchanges.
  • The company shall sign an agreement with CDSL and NSDL for demat trading

 

Companies delisted by BSE and seeking relisting at BSE are required to make a fresh public offer and comply with the extant guidelines of SEBI and BSE regarding initial public offerings.

Source: BSE Website

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Comments

2 Responses to “Rules to be Listed on BSE for Companies Already Listed on Other stock exchanges”

  1. Rahman on August 26th, 2010 5:07 am

    What is the paid up capital requirement for Listing at NSE?

  2. Rahman on August 26th, 2010 5:14 am

    The paid up equity capital of the applicant shall not be less than Rs. 10 crores * and the capitalisation of the applicant’s equity shall not be less than Rs. 25 crores**

    Provided however that where the market capitalisation (at issue price) of the applicant’s equity is not less than Rs.100 crores, the paid up capital of the applicant can be less than Rs. 10 crores but in any case it shall not be less Rs. 5 crores.

    * Explanation 1

    For this purpose, the post issue paid up equity capital for which listing is sought shall be taken into account.

    ** Explanation 2

    For this purpose, capitalisation will be the product of the issue price and the post issue number of equity shares. In respect of the requirement of paid-up capital and market capitalisation, the issuers shall be required to include, in the disclaimer clause of the Exchange required to put in the offer document, that in the event of the market capitalisation (Product of issue price and the post issue number of shares) requirement of the Exchange not being met, the securities would not be listed on the Exchange.

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