Table of Contents
- Quarterly Compliance for SME IPO
- Half-Yearly Compliance for SME IPO
- Annual Compliance for SME IPO
- Event-Based Compliance for SME IPO
- Conclusion
Once an SME company is listed on the stock exchange through an IPO, it becomes subject to various regulatory compliances mandated by SEBI and the respective stock exchanges. These compliances are essential to ensure transparency, accountability, and smooth corporate governance.
This guide provides a comprehensive overview of Quarterly, Half-Yearly, Annual, and Event-Based Compliances for companies listed under the SME IPO framework in India.
đź“Š Quarterly Compliance for SME IPO
Companies listed under the SME IPO platform must submit quarterly reports, including investor complaints and share capital reconciliation as per SEBI LODR Regulations.
| S. No. | Regulation | Compliance Detail | Period Covered | Submission Deadline |
|---|---|---|---|---|
| 1 | Regulation 13(3) | Statement on investor complaints: received, resolved, pending, unresolved | Apr-Jun, Jul-Sep, Oct-Dec, Jan-Mar | Within 21 days from the end of each quarter |
| 2 | Reconciliation of Share Capital Audit | Report detailing total issued & listed capital, capital held in demat, and changes in share capital | Apr-Jun, Jul-Sep, Oct-Dec, Jan-Mar | Within 30 days from the end of each quarter |
📆 Half-Yearly Compliance for SME IPO
Every six months, SMEs must file shareholding patterns, financial results, and a deviation statement on the usage of IPO proceeds.
| S. No. | Regulation | Compliance Detail | Period Covered | Submission Deadline |
|---|---|---|---|---|
| 1 | Regulation 31(1)(b) | Shareholding pattern: Disclosure of promoter holdings | Apr–Sept, Oct–Mar | Within 21 days from end of half-year |
| 2 | Regulation 32(8) | Statement of deviation or variation in use of IPO proceeds | Apr–Sept, Oct–Mar | Within 45 days from end of half-year |
| 3 | Regulation 33(5) | Financial results and press release | Apr–Sept, Oct–Mar | Within 45 days from end of half-year |
Annually, the SME must disclose the financial statements and all outstanding or fulfilled listing obligations, ensuring compliance transparency.
đź“… Annual Compliance for SME IPO
Annually, the SME must disclose the financial statements and all outstanding or fulfilled listing obligations, ensuring compliance transparency.
| S. No. | Regulation | Compliance Detail | Period Covered | Submission Deadline |
|---|---|---|---|---|
| 1 | Regulation 34(1) | Submission of Annual Report and Financial Statements | Annual | On or before dispatch to shareholders |
| 2 | Regulation 40(10) | Statement of all fulfilled and outstanding listing obligations and disclosures | Annual | Within 30 days from financial year-end |
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⚠️ Event-Based Compliance for SME IPO
Event-triggered filings are critical and include appointment of RTA, board meeting notices, record date declarations, voting results, and more.
Certain disclosures are required when specific corporate events take place. These are mandatory to maintain regulatory transparency and must be filed within the stipulated timelines:
| S. No. | Regulation | Event | Submission Deadline |
|---|---|---|---|
| 1 | Regulation 7(5) | Appointment of RTA (Registrar & Share Transfer Agent) | Within 7 days of agreement |
| 2 | Regulation 28(1) | In-principle approval for issuance of new financial instruments | Prior to issue |
| 3 | Regulation 29(1)(a) | Intimation of Board Meeting for Financial Results | Minimum 5 clear days in advance |
| 4 | Regulation 29(3) | Intimation of Board Meeting for changes in securities | At least 11 working days in advance |
| 5 | Regulation 30(6) | Disclosure of material events (Schedule III, Part A) | Within 24 hours of event |
| 6 | Regulation 42(2) | Notice for record date or book closure | At least 7 working days in advance |
| 7 | Regulation 44(3) | Disclosure of voting results of shareholders | Within 2 working days post-meeting |
| 8 | Regulation 45(3) | Change in company name | Prior approval before filing with RoC |
đź“ťConclusion
Complying with post-listing obligations is crucial for SME IPO-listed companies to maintain investor confidence and avoid regulatory penalties. These periodic and event-based filings ensure that stakeholders remain informed and the company operates in full legal compliance.
If you're planning an SME IPO or have already listed, make sure your compliance calendar includes these crucial deadlines.
đź“Ą Download: SME IPO Compliance Tracker (Excel)
