Should be registered as a startup with DPIIT. If not then the company’s paid-up capital should be a minimum of ₹ 1 Cr.
The post-issue paid-up capital of the company (face value) shall not be more than ₹ 25 Cr.
Net Worth should be positive.
There should be preferably investment by QIB/ Angel/Accredited Investors for a min. period of 2 years at the time of filing of DP.
Should have a track record of at least 2 years at the time of filing the prospectus with BSE.