NSE tightens eligibility norms for SME IPOs day after Sebi unveils new rules

The National Stock Exchange (NSE) has tightened listing requirements for small and medium-sized enterprises (SMEs) on its Emerge platform. This follows new regulations from the Securities and Exchange Board of India (Sebi). The stricter criteria apply to all draft red herring prospectuses (DRHPs) filed after December 19, 2024, impacting SMEs seeking in-principle approval for listing.