New Delhi, July 9 (KNN) The launch of BSE Startup Platform which was scheduled for today i.e. July 9, 2018, has now been postponed.

The Bombay Stock Exchange was earlier launching a platform today to list new-age companies in sectors like IT, ITES, bio-technology and life sciences, 3D printing, space technology and e-commerce in a boost to startups.

BSE has decided to postpone the split of BSE Startup sub-segment from BSE SME segment, according to a notification.

With regard to listing of startups on the platform, the notification said “Start ups will continue to list on BSE SME segment as usual. These Start ups will have the option to migrate to BSE Start up segment once BSE Start up segment is launched.”

Talking to KNN India, official from the department informed that the launch of BSE Startup platform has been postponed. He said the launch would take another 14 to 15 days likely.

To be eligible for listing, a company needs to have a pre-issue paid up equity share capital of a minimum of Rs 1 crore. The company should be in existence for a minimum period of three years on the date of filing the draft prospectus with BSE.

Besides, it should have a positive net-worth, a statement said. The companies should preferably have investment by qualified institutional buyer (QIB investors)/ angel investors for a minimum period of two years at the time of filing of draft prospectus with BSE and such aggregate investment should be at least Rs 1 crore, the exchange said.

Further, the exchange said the firm seeking to list on the platform should not have been referred to National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code and there should be no winding up petition against the company that has been accepted by NCLT.

The platform will also aid in listing of companies from hi-tech defence, drones and nano technologies.