Last updated: 14 Oct 2026

Virtual Auditor

SME IPO Advisory & Compliance

Last updated: 14 Oct 2026

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Quick answer: SME IPO advisory provides end-to-end support for BSE SME and NSE Emerge listings, covering pre-IPO compliance, valuation, SEBI ICDR regulations, and merchant banker coordination. This professional service is designed for companies undergoing the listing process. The timeline and total cost depend on the specific complexity of the engagement.

SME IPO advisory for BSE SME / NSE Emerge listing. Pre-IPO compliance, valuation, SEBI ICDR, merchant banker coordination. End-to-end support.

Our Approach

We combine deep regulatory expertise with AI-powered tools to deliver accurate, defensible, and timely results. Every engagement is led by CA V. Viswanathan, ensuring senior-level attention.

Contact Us

Chennai (HQ): G-131, Ground Floor, Phase 3, Spencer Plaza Mall, Anna Salai, Chennai. Phone: +91 99622 60333.

Bangalore: 7th Floor, Mahalakshmi Chambers, 29, MG Road, Bangalore. Phone: +91 95139 39333.

Mumbai: Workafella, AK Estate, SV Road, Goregaon West, Mumbai. Phone: +91 77000 89597.

Frequently Asked Questions

What is an SME IPO?
An initial public offer by a small or medium enterprise on the SME platforms of the stock exchanges (NSE Emerge or BSE SME) under Chapter IX of the SEBI (ICDR) Regulations, 2018, with lighter eligibility and disclosure norms than the main board and a minimum application size of ₹1 lakh or more.
What are the eligibility criteria for SME IPO?
The specific requirements, documents, and procedures are detailed in the relevant regulatory provisions. Virtual Auditor provides comprehensive support including documentation, filing, representation, and follow-up. Our multi-credential team ensures nothing is missed across regulatory intersections.
How long does SME IPO process take?
About 4 to 6 months from appointing the merchant banker to listing: 2 to 3 months for restated financials, due diligence and the draft prospectus, the exchange's review, then the issue period and listing within about a week of closing.
What is the cost of SME IPO?
Total costs usually run to 7% to 12% of the issue size, covering the merchant banker, underwriting and market making, legal and audit fees, exchange and SEBI fees, registrar, printing and marketing. The fixed components make very small issues proportionately expensive.
Do SME IPOs need SEBI approval?
Virtual Auditor provides expert advisory on this through our FCA + ACS + CFE + IBBI Registered Valuer practice. Contact us at +91 99622 60333 or visit virtualauditor.in for detailed guidance specific to your situation.
What is the role of a CA in SME IPO?
Restating the last three years' financial statements as required by the ICDR Regulations, the peer-review audit, certifications on working capital, promoter contribution and utilisation of funds, support on the due-diligence and the draft prospectus, and post-listing compliance under the SEBI LODR Regulations.

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Free 30-minute consultation with CA V. Viswanathan, FCA, ACS, CFE, IBBI RV. No obligation.

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Which laws govern this service? — Company law

The statutory provisions this service is delivered under, linked to the official text:

Strategic Business & Compliance Insights

Frequently Asked Questions

What is an SME IPO?
An initial public offer by a small or medium enterprise on the SME platforms of the stock exchanges (NSE Emerge or BSE SME) under Chapter IX of the SEBI (ICDR) Regulations, 2018, with lighter eligibility and disclosure norms than the main board and a minimum application size of ₹1 lakh or more.
What are the eligibility criteria for SME IPO?
The specific requirements, documents, and procedures are detailed in the relevant regulatory provisions. Virtual Auditor provides comprehensive support including documentation, filing, representation, and follow-up. Our multi-credential team ensures nothing is missed across regulatory intersections.
How long does SME IPO process take?
About 4 to 6 months from appointing the merchant banker to listing: 2 to 3 months for restated financials, due diligence and the draft prospectus, the exchange's review, then the issue period and listing within about a week of closing.
What is the cost of SME IPO?
Total costs usually run to 7% to 12% of the issue size, covering the merchant banker, underwriting and market making, legal and audit fees, exchange and SEBI fees, registrar, printing and marketing. The fixed components make very small issues proportionately expensive.
Do SME IPOs need SEBI approval?
Virtual Auditor provides expert advisory on this through our FCA + ACS + CFE + IBBI Registered Valuer practice. Contact us at +91 99622 60333 or visit virtualauditor.in for detailed guidance specific to your situation.
What is the role of a CA in SME IPO?
Restating the last three years' financial statements as required by the ICDR Regulations, the peer-review audit, certifications on working capital, promoter contribution and utilisation of funds, support on the due-diligence and the draft prospectus, and post-listing compliance under the SEBI LODR Regulations.