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14/09/2017 09:24am

BSE SME gets 195 companies on board

image BSE SME gets 195 companies on board

Mumbai, Sept 14 (KNN) The SME Exchange of BSE has got on board 195 companies taking it closer to the 200 mark.

Today the Equity Shares of Ahmedabad, Gujarat, based A&M Febcon Limited got listed with the bourse.

On Tuesday, equity shares of Goregaon, Mumbai, based Dhruv Wellness Limited got listed with the exchange.

Now, the exchange has 195 companies listed out of which 33 companies have migrated to main board BSE.

As many as 5 companies got suspended leaving behind 157 companies eligible for trading.

The market capitalization of companies listed on BSE SME till Date is Rs 17,555.37 crore while the amount of money raised so far is Rs 1,517.74 crore.

Meanwhile, according to a media report quoting data provided by Pantomath Capital, Gujarat-based small and medium enterprises (SMEs) out of total 72 SME initial public offers (IPOs) launched in 2017 so far, Gujarat has churned out 31, which is the highest from any state.

As per the data provided by Pantomath Capital, SMEs from the state also cumulatively raised Rs 373.47 crore -the highest in India -via SME platforms run by India's two top bourses -BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

Gujarat is followed by Maharashtra with 22 SME IPOs and Rs 257.10 crore of fund mobilisation. Rajasthan and Madhya Pradesh have seen four each IPOs hitting the market and Delhi three in 2017.

Even within Gujarat, Ahmedabad has come out with highest number of SME offering with 13 IPOs (Rs 111.69 crore raised), while Surat SMEs raised the highest Rs 121.10 crore through just four offers. SMEs across India raised Rs 847 crore through 72 IPOs in 2017.

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