Can broking companies list on the BSE SME platform?

Question

Can broking companies list on the BSE SME platform?

Accepted Answer · 2023-04-08

Yes, as per the BSE circular in April 2017, Stock or commodity Broking companies and Micro Finance companies are eligible to get listed on the SME platform of BSE provided that they meet the eligibility criteria.

BSE SME Eligibility criteria for broking companies

Minimum net worth of Rs 5 crore in any two out of three financial years, or minimum net worth of Rs 25 crores in any 3 out of 5 financial years
Out of the 3 immediately preceding financial years, the broker must have an aggregate profit before tax of Rs. 5 crores in two consecutive financial years.
The broking company must have net tangible assets of at least Rs. 3 crores as per the audited financial results.
The entity’s post-issue paid-up capital must be at least Rs. 3 crores.

Can broking companies list on the BSE SME platform?

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