BSE SME has introduced an AI-based tool designed to assist companies in preparing their Draft Red Herring Prospectus (DRHP) for initial public offerings. This innovative tool is aimed at streamlining the process, making it easier for small and medium enterprises to comply with regulatory requirements when seeking to raise funds through the stock market. By leveraging artificial intelligence, the tool helps users by offering templates, guidance, and automatically generating necessary documentation. This initiative is part of BSE SME’s ongoing efforts to enhance market accessibility for smaller firms and foster a more inclusive financial ecosystem. With this advancement, BSE SME aims to reduce the complexity and time involved in DRHP preparation, ultimately encouraging more SMEs to consider going public.
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