Subsidy for Fund Raising from SME Exchange
By Micro Small and Medium Enterprises Department, Government of Tamil Nadu
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Quick Answer
A Tamil Nadu government scheme providing reimbursement for eligible expenses incurred by Micro and Small enterprises during fund raising through SME Exchange IPOs, up to ₹30 lakh.
- Funding amount
- Up to ₹30L
- Funding type
- Subsidy
- Application deadline
- Rolling
- Location
- Tamil Nadu
- Registrations needed
- Udyam registration
About this subsidy
The scheme "Subsidy for Fund Raising from SME Exchange" by the Micro Small and Medium Enterprises Department, Government of Tamil Nadu, is introduced with the objective to facilitate high growth potential SMEs in the State to raise equity capital through SME Exchange utilizing IPOs, in both the manufacturing and services sector. The government will provide assistance for listing & raising money in the SME stock exchange. This initiative is designed to reduce the financial burden on eligible Micro and Small enterprises looking to access public markets for growth capital and expand their operations.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Subsidy providers
Provider
Micro Small and Medium Enterprises Department, Government of Tamil NaduChennai · Tamil Nadu · India
Tamil Nadu's Micro, Small and Medium Enterprises Department runs state subsidy, loan and incentive schemes for micro, small and medium enterprises and for people who want to start one. The department's pages do not always agree on the details, so confirm the terms of any scheme…
Learn moreBenefits & Funding
- Amount
- Up to ₹30L
What You Get
The scheme offers financial assistance of up to ₹30 lakh, covering a maximum of 50% of the total expenditure incurred on SME IPO listing. This includes reimbursement for critical expenses such as Merchant Banker Fees, Due Diligence Fees, Registrar and Transfer Agent Fees, Peer Review Auditor Fees, Exchange Fees, and Listing Charges, significantly reducing the financial burden for Micro and Small enterprises seeking to raise equity capital through the SME Exchange. The subsidy aims to encourage greater participation of local SMEs in public markets.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications are reviewed by the Micro Small and Medium Enterprises Department to ensure all eligibility criteria are met and submitted documents are accurate. The assessment will verify the incurred expenses and the enterprise's qualification for SME Exchange listing as per NSE/BSE norms, before approving the reimbursement. The process typically involves administrative scrutiny of the application and supporting financial documents.
Application Process
- 1
Register
Create an account on the MSME Department portal by providing personal and contact details.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the maximum subsidy amount?
The scheme offers financial assistance up to **₹30 lakh**, covering a maximum of 50% of the total eligible expenditure incurred by an enterprise during its SME IPO. This cap ensures support is provided while encouraging cost efficiency in fundraising.
Which specific expenses are eligible for reimbursement under this scheme?
The subsidy is specifically for reimbursement of critical expenses directly associated with the SME IPO process. These include Merchant Banker Fees, Due Diligence Fees, Registrar and Transfer Agent Fees, Peer Review Auditor Fees, Exchange Fees, and Listing Charges. Other indirect costs are not covered.
What are the primary eligibility criteria for enterprises?
To be eligible, applicants must be new Micro and Small enterprises that are established in one of the 254 industrially backward blocks declared by the Government of Tamil Nadu. Additionally, the enterprise must meet all listing qualifications prescribed by the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE) for the SME Exchange.
What is the deadline for filing the application?
The application for this subsidy must be filed within six months from the official date of the enterprise's listing on the SME Exchange. This means the application window opens once the IPO is completed.
How can an eligible enterprise apply for this scheme?
The entire application process is conducted online through the official portal of the Micro, Small, and Medium Enterprises Department. It involves initial registration, logging in, completing a detailed application form, uploading all mandatory supporting documents, and finally submitting the application online.
Sources
Data on this page is compiled from official program and provider references.
