The Bombay Stock Exchange, Asia’s first stock exchange, has announced that it would be creating a new division within its SME segment for listing startups and new age companies.
The exchange would list companies in industries like biotechnology, IT, ITeS and life sciences, 3D printing, e-commerce, and space technology.
The companies into nanotechnologies, hi-tech defense, big data, drones, artificial intelligence, e-gaming, robotics among other would get listed into BSE.
As per the criteria from the BSE, the company which would want to list itself should be registered as a startup with the Ministry of Micro, Department of Industrial Policy & Promotion or Small & Medium Enterprises (SME)
The paid-up capital willing to register should have a paid-up capital of minimum ₹1 crore or 1,41,640 USD
The other criteria are that the company should be in existence for a minimum of two years and also have a positive net worth.