STEP 1 :  Issuer co. should plan and decide to take the listing route to raise capital by going public and complete the internal assessment to ensure its eligibility for listing on BgSE Ltd.
The company officials should meet and get advice from the Listing team of BgSE Ltd.

STEP 2 :  Issuer should appoint the investment banker or merchant banker, PR agents, accountants, legal advisors, etc. intermediaries.

STEP 3 :  Prepare listing application and ancillary documents as per Listing Agreement, SC(R)A, 1956, SEBI Act, 1992 , and other concerned body officials.

STEP 4 :  Submission of Letter of Application
The company has to file Letter of Application along with a cheque for Rs.10, 000/- towards initial listing fee. As per Section 73 of the Companies Act, 1956, a company seeking listing of its securities on the Exchange is required to submit a Letter of Application along with initial listing fee before filing the prospectus with the Registrar of Companies.

STEP 5 :  Permission to use the name of the Exchange in the offer document
Companies are required to file the Draft Prospectus with the Exchange and to obtain prior permission to use the name of the Exchange in their prospectus or offer for sale documents before filing the same with the respective Registrar of Companies. The Exchange grants permission to use the name of the Exchange in their prospectus/offer documents only after ensuring the eligibility norms and other criteria are duly met by the issuer.
Having reviewed all the submitted documents, BgSE may ask any supplementary information that it may feel necessary for the compliance with the statues or laws.
BgSE may also ask for amendments in the Draft Prospectus.

STEP 6 :  Once satisfied with the information provided by the concerned company, BgSE will provide the “in- principle” approval with in 15 business days.

STEP 7 :  Allotment of securities
As per SEBI Guidelines, a company is required to finalize the Basis of Allotment, proceed the road shows and book building activity with the Designated Exchange and to complete allotment of securities offered to the public within 15 days of the closure of the subscription list in case of Fixed Price issues and within 15 days in case of Book Built issues.

Requirement of 1% Security Deposit
The Company making public/Rights issue is required to deposit 1% of issue amount with the Exchange before the issue opens for subscription. The amount will be refunded to the company only on ensuring dispatch of Refund Orders/Share Certificates, Brokerages, Lead Managers and Registrars Fee.

STEP 8 :  Trading permission
As per SEBI Guidelines, the issuer company should complete the formalities for trading at all the Stock Exchanges where the securities are to be listed within 7 working days on finalization of Basis of Allotment.
A company should scrupulously adhere to the time limit for allotment of all securities and dispatch of Allotment Letters/Share Certificates/Demat Credits and Refund Orders and for obtaining the listing permission of all the Exchanges where names are stated in its prospectus or offer documents. In the event of listing permission to a company being denied by any Stock Exchange where it had applied for listing of its securities, the company cannot proceed with the allotment of shares. However, the company may file an appeal before the SEBI under Section 22 of the Securities Contracts (Regulation) Act, 1956.

STEP 9 :  The issuer is required to enter into an agreement with the Exchange and make certain disclosures and perform certain acts. The Listing Agreement is executed under the common-seal of a company duly signed by the directors in consonance with the Listing Agreement.

On the Listing date, the scrip/ security will be added to the official list of securities and then the trading commences.

STEP 10 :  Compliance with Listing Agreement
On admission to the official list of the securities, issuer will be considered as the Reporting Entity and is required to comply with the continuing obligation requirements stated in Listing Agreement of SEBI, ICDR Regulations (2009), etc. especially with regard to submission of quarterly results, Annual Results, compliance of conditions of Corporate Governance, timely payment of Listing Fee requirement of minimum public shareholding in the company etc. The Exchange initiates action against the companies’ non-compliance with the provisions of Listing Agreement in accordance with the Bye-Laws and Rules and Regulations of the Exchange, Securities Contracts Regulation Act, 1957, etc.