The stock market of BSE provides effective solution for money raising not only
for the domestic but also for the foreign companies. Due to the introduction of
the single European passport not only the process of listing was simplified but
also the transparent presence is ensured on BSE.
The equities may be listed in two different categories:
To be listed in Category “A” the instrument must meet several criteria regarding
the market capitalisation, ownership structure (free-float) and corporate history.
Furthermore, the Issuer shall make a public transaction that refers to the equity
series to be listed. The share series in Equity Category ”A” are more liquid in general and have
a broader ownership structure.
For small and medium sized enterprises who wish to skip Category "T" as the access
point to the regulated market and consider executing a public transaction at their
initial listing, BSE provides opportunity to enter the market with less stringent
listing requirements than those called for in Category "A". Listing criteria in Equity Category
"B" are indentical to the legal requirements stipulated by the Capital Market Act; however, carrying out a public transaction
is also mandatory at listing.
BSE aims to provide opportunity to the small and medium sized enterprises, which
do not make public transaction at the listing of their shares. The shares of these
issuers will be listed on BSE via technical listing. Therefore, listing in Category
"T" can be considered as the first stage of listing on the regulated market. Listing
requirements in Equity Category "T" are practically indentical to the legal requirements
stipulated by the Capital Market Act.