The equities may be listed in three different markets:
To be listed on the Prime Market, the instrument must meet several criteria regarding 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 on Equities Prime Market are more liquid in general and have a broader ownership structure.
For small and medium-sized enterprises who wish to skip the T Market 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 on the Prime Market. Listing criteria on Equities Standard Market 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 on the T Market can be considered as the first stage of listing on the regulated market. Listing requirements on Equities T Market are practically indentical to the legal requirements stipulated by the Capital Market Act.