ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Which of the following is NOT a requirement for an SME

    to issue an IPO and get listed on the exchange under the specified eligibility criteria? ┬а
    A The SME must have a face value (post-issue paid-up capital) of up to тВ╣25 Crore Correct Answer Incorrect Answer
    B The SME must have a minimum of three years of track record if it was converted from a partnership, proprietorship, or LLP Correct Answer Incorrect Answer
    C The SME must maintain a minimum paid-up capital of тВ╣50 Crore after the issue Correct Answer Incorrect Answer
    D The SME must have net tangible assets worth at least тВ╣1.5 Crore Correct Answer Incorrect Answer
    E The SME should have a website and agree to trade in Demat securities Correct Answer Incorrect Answer

    Solution

    The requirement for the┬а face value of the post-issue paid-up capital ┬аis capped at тВ╣25 Crore, not тВ╣50 Crore. This makes o ption D the incorrect statement. All other listed criteria are part of the eligibility requirements for an SME to issue an IPO and get listed. ┬а

    Practice Next
    More Financial Management Questions
    ask-question