BSE SME becomes first SME platform in India where 214 cos have filed prospectuses to get listed
New Delhi, June 20 (KNN) The SME platform of BSE has got as many as 214 draft papers filed so far by the firms in order to raise funds through IPOs.
Since its launch in May 2012, out of these 214 companies that have filed DRHP documents, as many as 183 are already listed.
The listed companies have raised Rs 1,440 crore from the market. Currently, these firms have a market capitalisation of Rs 18,832 crore. Of these 183 firms listed on the BSE SME platform, 29 have migrated to the BSE main board.
Moreover, a total of 26 SMEs are expected to launch their IPOs soon.
The platform provides opportunity to SME 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’s SME has become the first SME platform in India where 214 companies have filed their prospectuses for getting listed,” the exchange said in a statement issued on Monday. (KNN Bureau)