As many as 27 small and medium enterprises (SMEs) got listed on capital markets with public issues worth Rs 182 crore in the first six months of the current fiscal. (Graphic: Sanjay Tambe)
As many as 27 small and medium enterprises (SMEs) got listed on capital markets with public issues worth Rs 182 crore in the first six months of the current fiscal.
In comparison, 21 SMEs had launched initial public offers (IPOs) and raised Rs 180 crore during the April-September period of the previous fiscal, 2014-15.
According to the data available with Sebi, 10 SMEs came out with public issues in September, raising a total of Rs 48 crore, while three companies had hit the capital markets in August to mop-up Rs 21 crore.
Further, five firms had launched their public offerings in July to mobilise Rs 69 crore, eight SME had hit the markets with an IPO worth Rs 39 crore in June, one firm had launched its public issue in May, while no issue was launched in April.
These companies are from sectors like trading, steel, manufacturing, textile and finance and are spread across the country, according to a report by Knowledge and News Network, a media platform that focuses on micro and SMEs.
BSE and the National Stock Exchange (NSE) had launched SME platforms in March 2012, becoming the only two bourses to offer such a segment in the country.
These platforms provide opportunity to entrepreneurs to raise equity capital for growth and expansion. It also provides immense opportunity for investors to identify and invest in good SMEs at an early stage.
BSE has about 117 companies listed on its SME platform, with a total market capitalisation of over Rs 7,615 crore. Of this 117, eight companies have migrated to the main board.
Further, the stock exchange is expecting about 100 IPO issues on its SME segment during the current fiscal. The NSE has nine companies trading on its SME platform.
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