SME IPO Listing Price Cap: The limit of listing price of SME IPO on the exchange has been fixed. The listing of IPOs of these companies on NSE’s SME Emerge Platform will not be possible at a price above 90 percent of the issue price. The National Stock Exchange has announced this by issuing a circular. This decision of the exchange has come into effect from July 4, 2024. However, this order of the National Stock Exchange will be applicable only on SME IPOs. This order will not be applicable on Mainboard IPOs.
The National Stock Exchange’s primary markets department has issued a circular stating that a limit of 90 per cent above the IPO price has been fixed during price discovery for listing of SME IPOs in a special pre-open session on the SME Emerge platform of the National Stock Exchange. That is, SME IPOs will not be listed at a price more than 90 per cent of the issue price. This order of the National Stock Exchange will be valid from July 4, 2024.