Strong performance of past IPOs spurred investors’ interest, with 87 small and medium enterprises (SMEs) garnering Rs 1,460 crore through initial share-sales in the first nine months of the year.
This was way higher than 56 companies that had raised Rs 783 crore through initial public offering (IPO) in the entire 2021, the industry data showed.
Further, the remaining part of the year 2022 can see more mature companies accessing the platform. Moreover, tech-based and larger broking players can play a major role in developing the SME platform, Uday Nair, Director at Fedex Securities, said, adding, “overall the year is good for SME companies looking to raise capital from the exchange”.
“SME segment is not impacted by the bearishness in the market and investors are looking forward to the healthy pipeline of IPOs going forward, many companies have filed or planning to file their documents for listing on the BSE SME and NSE Emerge platforms,” Prateek Jain, Director at Hem Securities, …
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