Markets

BSE increases companies annual listing fee

PTI Mumbai | Updated on February 10, 2014

The Bombay Stock Exchange has increased its annual listing fee from the next financial year, with the hike being 29 per cent for the largest companies.

Firms with a listed capital of ₹1,000 crore or more will have to pay at least ₹8.07 lakh as the annual listing fee compared with a minimum of ₹6.25 lakh currently, the exchange said.

National Stock Exchange of India charges a minimum annual listing fee of ₹8.5 lakh for companies with a capital of more than ₹1,000 crore.

The fee has been revised across segments and is effective from April 1, the BSE said in a circular. The initial listing fee remains unchanged at ₹20,000.

The lowest fee of ₹1 lakh is for companies with a listed capital of up to ₹50 crore. The new fee for companies with ₹50-100 crore of capital has been set at ₹1.66 lakh.

In the current financial year, the fee payable varied according to slabs and ranged from ₹15,000 for companies with a listed capital of ₹1-5 crore to ₹70,000 for those with a capital of ₹30-100 crore.

Companies with a capital of ₹500 crore to ₹1,000 crore will have to pay ₹4.75 lakh, an increase of ₹1 lakh.

For companies with a capital of over ₹1,000 crore, an additional fee of ₹3,515 would be applicable for every increase of ₹5 crore in capital.

Firms in the ₹500-1,000 crore level will have to pay an additional ₹3,230 for every increase of ₹5 crore.

The NSE levies an additional ₹3,700 for every increase of ₹5 crore in capital, according to information available on its Web site.

The BSE said 75 per cent of the applicable fee would be charged in the case of debenture capital not convertible into equity shares.

The NSE charges a fee of ₹ 5 lakh on firms with a debt capital of more than ₹500 crore, and an additional ₹3,400 for every increase of ₹5 crore.

Published on February 10, 2014

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