End-to-end IPO advisory for growing Indian businesses — from listing on NSE Emerge and BSE SME to migration to the main board. One partner for the complete journey.
Mr. Anand Chari spent years building the SME and startup listing ecosystem at BSE before founding Emergo's advisory practice. Today he helps promoters decide whether, when and where to list, and prepares them for it.
Take your company to the public market through the SME platform of NSE or BSE, with lighter entry norms and lower costs than a main board issue.
Prepare for a main board IPO, or plan the move from the SME platform once your company meets the migration conditions of the exchange.
Raise capital before you list, tidy your shareholding and present a convincing story to investors ahead of filing.
Structure your borrowing needs and arrange term loans, working capital and project finance from banks and financial institutions.
Industry bodies, exchanges and state agencies have honoured Mr. Anand Chari for his contribution to SME listing and the MSME ecosystem.
2024Recognised at the India 5000 MSME Conference, Vashi Exhibition Centre, for his contributions to the MSME sector over eight years.
2025Hridayanand Swarnshri Samman for Excellence in SME Listing and Fundraising. Presented at NSE during the Think Tank for MSME event, October 2025.
2025Udyamee Business Awards, 29 November 2025, for facilitating capital raising for MSMEs through listing.
2026Leadership Award presented by Padma Shri Ashok Khade at Sarthi Auditorium, Pune, on 1 February 2026. Organised by the Maharashtra Industry Development Association and Artharth Wealth.
Switch between the two SME platforms, the rules they share, and the route to the main board.
BSE SME figures: BSE SME Market Statistics (bseindia.com), as of November 2026. NSE Emerge figures: CII Madurai MSME Summit presentation (July 2026). Norms are revised from time to time, so we confirm the current requirements before any filing.
Eight quick questions based on the NSE Emerge and BSE SME criteria. Pick an answer to see if you are right and why.
Both NSE Emerge and BSE SME require the post-issue paid-up capital to be not more than ₹25 crore. Above that, a company lists on the main board.
NSE Emerge and BSE SME criteria slidesA track record of at least 3 years is needed. On BSE SME, a taken-over proprietorship, partnership firm or LLP can be counted, and a funded project can substitute if the company lacks 3 years.
BSE SME criteria slideBSE SME asks for a net worth of at least ₹1 crore for the 2 preceding full financial years. NSE Emerge asks for a positive net worth.
BSE SME criteria slideEBITDA (operating profit) of at least ₹1 crore is needed in any 2 of the 3 previous financial years.
NSE Emerge and BSE SME criteria slidesMarket making is compulsory for a minimum of 3 years from the date of listing, unlike on the main board.
Market making slideThe market maker must be present for at least 75% of trading hours every day and offer bid and ask quotes. It must also have a minimum net worth of ₹1 crore.
Market making slideGeneral corporate purpose is capped at 15% of the amount raised or ₹10 crore, whichever is lower.
BSE SME criteria slideAn IPO is typically a 4 to 6 month process. If disclosures and due diligence are complete, in-principle approval can come within 45 to 60 days of filing with the exchange.
IPO process slideBased on the criteria shown in Mr. Anand Chari's CII Madurai presentation (July 2026). Norms change from time to time; confirm current requirements with the exchanges or your adviser.
We study your financials, structure and track record and tell you plainly how close you are, and which platform fits.
We help close the gaps: restructuring, audit-ready accounts, governance and the documents a listing needs.
We bring in the merchant banker, registrar, auditors and legal counsel, and the offer document is drafted and filed.
Exchange approvals, valuation and pricing, and outreach to investors while the issue is readied.
The issue opens, shares are allotted and you list. We stay on for compliance and any later move to the main board.
Tick everything that is true for your company. This is a rough guide only, not an eligibility opinion.
Your answers stay on this page and are not sent anywhere.
Talk to us about it →Can't find your answer? Write to us and we will reply within one working day.
Ask a question →It is a public issue of shares by a smaller, growing company on a dedicated exchange segment, either NSE Emerge or BSE SME. Entry requirements and costs are generally lighter than for a main board issue.
Exchanges look at items such as capital, net worth, operating track record and financial performance. Share your figures with us and we will tell you plainly where you stand.
The timeline depends mainly on how prepared your records and financials are at the start. After the assessment we give you a realistic schedule.
Cost depends on the size of the issue and the work involved. Once we have assessed your company, we set out a milestone-linked fee plan in advance.
Yes. An SME-listed company that meets the migration conditions laid down by NSE or BSE can apply to shift to the main board, and we support you through that process.
Share a few details about your business and we will respond with a candid view of your listing readiness within one working day.
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