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SME IPO Eligibility Calculator
India 2025

Instantly check if your company is eligible for SME IPO on NSE Emerge or BSE SME — based on SEBI ICDR guidelines. Enter 8 financial parameters and get a pass/fail verdict with specific gap analysis.

This free tool is designed for Indian SME promoters who want to know their IPO eligibility before spending money on advisors. The criteria used match what SEBI-registered merchant bankers actually check in their first screening call.

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SME IPO Eligibility
Calculator

Enter your company's financials to instantly check eligibility for NSE Emerge, BSE SME, or Main Board IPO under SEBI ICDR guidelines.

Last full financial year
As per latest audited balance sheet
Latest financial year
How much do you want to raise?
SEBI ICDR — Quick Reference
NSE Emerge / BSE SME
Post-issue paid-up capital ≤ ₹25 Cr
Net Worth ≥ ₹3 Cr
PAT in 2 of last 3 yrs
Track record ≥ 3 yrs
Issue size ≤ ₹200 Cr
AIRA ≥ 65
NSE / BSE Main Board
Net Worth ≥ ₹15 Cr (3 yrs)
PAT ≥ ₹15 Cr (avg 3 yrs)
Net tangible assets ≥ ₹3 Cr
Issue size typically ≥ ₹300 Cr
3 yrs profitability preferred
AIRA ≥ 78
Innovators Growth Platform
Startups & high-growth cos
No mandatory profitability
QIB allocation 75%
Lock-in 6 months (promoters)
Migration to Main Board possible
SEBI special framework
Want a full AI-powered IPO Readiness Analysis?
AIRA scores your company across 8 dimensions — financials, governance, compliance, promoters, and more. Score, gap report, and merchant banker matches in under 3 minutes.
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